BRIEF-Dufry Cancels Payment Of 2020 Dividend [Reuters]
AVOLTA AG UNSP/ADR (DUFRY)
NASDAQ:AMEX Investor Relations:
dufry.com/en/investors
Company Research
Source: Reuters
BRIEF-Dufry Cancels Payment Of 2020 Dividend April 23 (Reuters) - DUFRY AG: * SEVERAL MEASURES TO REDUCE CASH OUTFLOWS TO A MINIMUM HAVE BEEN IMPLEMENTED AND ARE UNDER TIGHT CONTROL BY A DEDICATED TEAM AT GROUP LEVEL * THESE INCLUDE INITIATIVES AT CAPEX AND NET WORKING CAPITAL LEVEL THAT TARGET TOTAL CASH SAVINGS OF AROUND CHF 160.0 MILLION IN FULL-YEAR 2020 * PLANNED ISSUANCE OF A CHF 300.0 MILLION SENIOR, UNSECURED GUARANTEED CONVERTIBLE BOND WITH STRONG INDICATIONS OF INTEREST TO PARTICIPATE FROM INVESTORS * PLANNED PRIVATE PLACEMENT OF UP TO 5.5 MILLION SHARES WITH STRONG INDICATIONS OF INTEREST TO PARTICIPATE FROM INVESTORS * INITIATIVES AT CAPEX AND NET WORKING CAPITAL LEVEL THAT TARGET TOTAL CASH SAVINGS OF AROUND CHF 160.0 MILLION IN FULL-YEAR 2020 Source text: bit.ly/2RYioLF Further company coverage: (Gdansk Newsroom)
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