MGGT Meggitt Plc

TIDMMGGT

RNS Number : 2911V

Meggitt PLC

06 August 2020

6 August 2020

Meggitt PLC - Response to press speculation

The Group notes the recent press speculation regarding potential debt or equity funding options.

Further to our trading update on 2 July, the Group continues to trade in line with our internal expectations. While there have been initial signs of a recovery in the civil aerospace sector, considerable uncertainty remains in relation to COVID-19.

Against this backdrop, the Group continues to review a range of trading scenarios and associated actions to mitigate any material adverse change to the industry outlook.

Our current financial position and liquidity remain strong. At 30 June 2020, we had GBP1,701m of committed facilities in place providing headroom of GBP856m. We also have access to additional liquidity as an eligible issuer under the Bank of England's Covid Corporate Financing Facility.

END

Enquiries:

Tony Wood, Chief Executive

Louisa Burdett, Chief Financial Officer

Mathew Wootton, Vice President, Strategy & Investor Relations

Meggitt PLC

Nick Hasell, Managing Director

Alex Le May, Managing Director

Dwight Burden, Managing Director

FTI Consulting

Tel: +44 203 727 1340

meggitt@fticonsulting.com

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END

SPCUVSKRRAUWRAR

(END) Dow Jones Newswires

August 06, 2020 02:00 ET (06:00 GMT)

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