SDY Speedy Hire Plc

TIDMSDY

RNS Number : 5573M

Speedy Hire PLC

12 May 2020

Speedy Hire Plc

("Speedy")

Notice of revised date for 31 March 2020 results

Speedy, the UK's leading provider of tools and equipment hire, and services to the construction, infrastructure and industrial markets announces that, in light of recent COVID-19 guidance from the FCA (Financial Conduct Authority), the FRC (Financial Reporting Council) and the PRA (Prudential Regulation Authority) on corporate reporting timetables, it will announce its results for the year ended 31 March 2020 on 9 June 2020. This will provide sufficient time for the finalisation of the accounts and for the Company's auditor, KPMG, to complete the process of auditing the Group, given the practical challenges of remote working.

The date of the Company's AGM will be announced at the time of the results.

The Board confirms that there has been no change to trading since the update issued by the Company on 9 April 2020. Speedy has a robust cash position with substantial unutilised banking facilities; the Board remains confident that the Group can operate well within its existing debt facilities and covenant tests during a prolonged period of reduced trading activity.

Enquiries:

 
Speedy Hire Plc                       Tel: 01942 720 000 
Russell Down, Chief Executive 
Chris Morgan, Group Finance Director 
 
MHP Communications                    Tel: 0203 128 8778 
Oliver Hughes 
Andrew Jaques 
 

Notes to Editors: Founded in 1977, Speedy is the UK's leading provider of tools, equipment and plant hire services to a wide range of customers in the construction, infrastructure and industrial markets, as well as to local trade and industry. The Group provides complementary support services through the provision of training, asset management and compliance services. Speedy is certified nationally to ISO50001, ISO9001, ISO14001 and OHSAS18001. The Group operates from over 200 fixed sites across the UK and Ireland together with a number of on-site facilities at client locations throughout the UK, Ireland and from an international office based in Abu Dhabi.

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END

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May 12, 2020 02:00 ET (06:00 GMT)

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