Spire Healthcare Group PLC AGM Statement (8401M)
14 Maggio 2020 - 8:00AM
UK Regulatory
TIDMSPI
RNS Number : 8401M
Spire Healthcare Group PLC
14 May 2020
Spire Healthcare Group plc
("Spire Healthcare", "the Company" or "the Group")
AGM STATEMENT
14 May 2020
Ahead of its Annual General Meeting later today, Spire
Healthcare Group plc (LSE: SPI), the major UK independent hospital
group, provides the following update.
As previously announced, our landmark arrangements with the NHS
in England, Wales and Scotland have made our facilities available
to provide extra capacity and a range of urgent and critical
medical treatments in response to the COVID-19 outbreak. We are
pleased with the way Spire Healthcare and its dedicated teams have
responded to the COVID-19 pandemic as we continue to make a
positive difference to our patients' lives through outstanding
personalised care.
Under the NHS arrangements the Group is entitled to cash cost
recovery for its services. The NHS England contract will continue
until at least 28 June 2020, with a one month notice period to end
the contract. In addition, our lenders have agreed to waive the
next two covenant tests (on 30 June and 31 December 2020), which
provides further flexibility to Spire Healthcare through, and in
the period after, its partnership with the NHS.
The Board believes that the NHS arrangements and the agreements
with our lenders provide confidence that Spire Healthcare has
sufficient liquidity and financial stability, allowing the Company
to focus on preparing for the return to regular operations when the
arrangements with the NHS end.
The period of elective suspension caused by the COVID-19
pandemic has created the potential for an increase in future demand
and further lengthening of waiting lists. However, given the
continued significant uncertainty caused by the pandemic, the Board
remains unable to provide market guidance for FY20 at this
time.
Our relentless focus on clinical quality and patient safety has
yielded further improvements, with Spire Hartswood recently
upgraded by the Care Quality Commission to Good, taking the
proportion of Spire facilities rated Good, Outstanding or the
equivalent to 88% (from 85% as reported on 5 March 2020).
In light of our new relationship with the NHS, and in
recognition of the many sacrifices that front-line clinical
colleagues are making, Justin Ash, Jitesh Sodha and Garry Watts
will take a 20% salary cut for three months and will donate these
funds to NHS Charities Together.
Garry Watts, Chairman of Spire Healthcare, said:
"COVID-19 has caused a previously unimaginable impact on the
world around us; affecting our patients, our colleagues and our
business. I applaud the efforts of everyone at Spire Healthcare
during these challenging times and their unwavering commitment to
delivering outstanding care for patients."
Spire's sixth annual general meeting (AGM) will be held at
9.00am (BST) today at 3 Dorset Rise, London EC4Y 8EN. As previously
advised, due to the COVID-19 pandemic and the Government's advice
on non-essential travel and mandatory social distancing,
shareholder attendance at the AGM is not possible. The result of
the poll voting on each of the resolutions to be put to the AGM
will be reported via a Regulatory Information Service later
today.
We expect to announce our results for the six months ending 30
June on 17 September 2020.
-Ends-
For further information please contact:
Spire Healthcare:
Cora McCallum, Investor Relations Director
+44 (0)7967 109 731
Instinctif:
Damian Reece
Guy Scarborough
+44 (0)7917 178 920
Registered office and head office:
Spire Healthcare Group plc
3 Dorset Rise
London
EC4Y 8EN
Registered number: 9084066
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
AGMSFWEFDESSELI
(END) Dow Jones Newswires
May 14, 2020 02:00 ET (06:00 GMT)
Grafico Azioni Spire Healthcare (LSE:SPI)
Storico
Da Mar 2024 a Apr 2024
Grafico Azioni Spire Healthcare (LSE:SPI)
Storico
Da Apr 2023 a Apr 2024