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UK TRADING UPDATE SUMMARY: Fourth Interim Dividends Replace Finals

Sat, 28th Mar 2020 10:41

(Alliance News) - The following is a round-up of updates by UK companies on the impact of the Covid-19 pandemic, issued on Friday and not separately reported by Alliance News:

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Brunner Investment Trust PLC - global growth investments - Postpones annual general meeting scheduled for Wednesday, April 1. As a result will pay a fourth interim dividend in place of the already declared final dividend, at same rate of 6.0p per share.

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Quixant PLC - products for gaming and broadcast industries - To give trading statement on Tuesday rather than annual results, which are postponed until April 6. Says has USD18.5 million in net cash.

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Murray International Trust PLC - investment trust - Postpones April 24 AGM. To pay fourth interim dividend in place of final dividend, at same rate of 17.5p.

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Surgical Innovations Group PLC - medical devices - To announce 2019 results on Tuesday. Adjusted pretax profit to be in line with market expectations. Suspension of non-urgent surgical procedures by NHS will have "significant adverse short-term effect" on trading in UK. Withdraws guidance for 2020 due to virus pandemic. Has positive net cash balance.

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Scottish American Investment Co PLC - investment trust - Postpones AGM that had been scheduled for Thursday, April 2. To pay final dividend of 3.00p as a fourth interim dividend instead.

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i-nexus Global PLC - strategy executive software - Has GBP642,000 cash and cuts monthly overheads by 50% to extend cash runway. Cuts include staff cuts and furloughing and salary sacrifice. Well equipped for remote working, so no disruption to continuity of service.

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OPG Power Ventures PLC - Indian power plant operator - Industrial and commercial customers close operation following orders from government of India to contain Covid-19 pandemic. Believes disruption is temporary and business will revive once coronavirus situation improves, but difficult to quantify financial impact at this point.

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By Tom Waite; thomaslwaite@alliancenews.com