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Share Name Share Symbol Market Type Share ISIN Share Description
Clean Invest Africa Plc NEX:CIA NEX Ordinary Share GB00BF52QX07
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 0.75 0.20 1.50 0.75 0.75 0.75 0.00 07:52:42
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
- - - -

Clean Invest Africa Plc Trading Update on Activities Affected by COVID-19

26/03/2020 7:00am

UK Regulatory (RNS & others)


 
TIDMCIA 
 
26 March 2020 
 
                            CLEAN INVEST AFRICA PLC 
                           ("CIA" or the "Company") 
 
               Trading Update on Activities Affected by COVID-19 
 
On 23 March 2020, a Directive was issued by the South African Government 
requiring a 21-day national lockdown, effective midnight Thursday 26 March 2020 
to midnight Thursday 16 April 2020, in order to contain the spread of the 
coronavirus in the country (the "Lockdown Directive").The Company's subsidiary, 
Coal Agglomeration South Africa (Pty) Ltd ("CASA") will stop all activities 
currently ongoing at its Bulpan Plant, based the following plan of action: 
 
All testing activities were suspended effective Wednesday night, 25 March 2020 
 
1. During today, Thursday, all critical equipment will be disconnected and all 
value material will be removed from site 
 
2. By this Thursday evening today, the Company will have the plant in safe mode 
and people involved with the plant operation will be sent home. 
 
3. Security surveillance will continue to protect all the assets 
 
We have coordinated with our client and have agreed a tentative plan for 
resuming the work and completing the contracted production after the lockdown 
period. The Company will continue monitoring the situation so that CASA is 
ready to adapt to the fast-changing environment. 
 
The management team will be operative and will continue working, although with 
a reduced pace and significant disruption to the marketing, commercial and 
business development activities. Management are adopting to the situation using 
smart and remote working. 
 
Contacts 
 
The Directors of the Company accept responsibility for the content of this 
announcement. 
 
ENQUIRIES: 
 
Company 
Clean Invest Africa PLC 
Filippo Fantechi - Chief Executive Officer 
Telephone: +973 3 9696273 
 
Corporate Adviser 
Peterhouse Capital Limited 
Guy Miller 
Telephone: 020 7220 9795 
 
 
 
END 
 

(END) Dow Jones Newswires

March 26, 2020 03:00 ET (07:00 GMT)

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