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Share Name Share Symbol Market Type Share ISIN Share Description
Begbies Traynor Group Plc LSE:BEG London Ordinary Share GB00B0305S97 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -4.00 -3.74% 103.00 103.00 105.00 105.00 103.00 105.00 217,284 11:33:38
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 60.1 3.5 2.2 46.8 129

Begbies Traynor Group PLC Statement re COVID-19

24/03/2020 7:00am

UK Regulatory (RNS & others)


Begbies Traynor (LSE:BEG)
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From Mar 2020 to Jun 2020

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RNS Number : 2954H

Begbies Traynor Group PLC

24 March 2020

24 March 2020

Begbies Traynor Group plc

Statement re COVID-19

Begbies Traynor Group plc (the 'company' or the 'group'), the business recovery, financial advisory and property services consultancy, today provides an update on its initial response to the COVID-19 outbreak. We continue to closely monitor and act upon the information released by the authorities.

Our top priority is the health, safety and well-being of our colleagues, with whom we are communicating regularly. We have quickly enabled the majority of our employees to work remotely and securely as of last week, whilst continuing to provide advice and support to our clients in this challenging environment.

The group has a breadth of service lines with multiple sources of revenue and retains a strong counter-cyclical focus (accounting for 65% of our income); this broad range and depth of services provides the group with flexibility as the impact of COVID-19 on the economy and our markets develops. In these challenging times we will be working to ensure businesses and all stakeholders receive the appropriate advice to assist them in working through these difficult circumstances.

As we reported with our half year results issued in December 2019, the group is in a strong financial position including having significant headroom on its committed bank facilities. We will provide an update on Q4 trading following the group's year-end, 30 April 2020.

Enquiries please contact:

Begbies Traynor Group plc 0161 837 1700

Ric Traynor - Executive Chairman

Nick Taylor - Group Finance Director

Canaccord Genuity Limited 020 7523 4588

(Nominated Adviser and Joint Broker)

David Tyrrell / Sunil Duggal / Angelos Vlatakis

Shore Capital

020 7408 4090

(Joint Broker)

Mark Percy / Anita Ghanekar

MHP Communications

07734 769359

Reg Hoare / Katie Hunt

Information on Begbies Traynor Group can be accessed via the group's website at

www.begbies-traynorgroup.com/investor-relations.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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March 24, 2020 03:00 ET (07:00 GMT)

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