To view the PDF file, sign up for a MySharenet subscription.

MOTUS HOLDINGS LIMITED - Voluntary Announcement relating to the Impact of Covid-19 (virus) Pandemic on the Business

Release Date: 20/03/2020 11:36
Code(s): MTH     PDF:  
Wrap Text
Voluntary Announcement relating to the Impact of Covid-19 (“virus”) Pandemic on the Business

Motus Holdings Limited
Incorporated in the Republic of South Africa
Registration number: 2017/451730/06
ISIN: ZAE000261913
Share code: MTH
("Motus")


VOLUNTARY ANNOUNCEMENT RELATING TO THE IMPACT OF COVID-19 (“Virus”) PANDEMIC ON THE
BUSINESS

Motus, through a recently formed Crisis Committee, continues to monitor the latest guidance from
the health authorities. The Committee is monitoring and assessing the situation closely and has
implemented controls across all the businesses, to prevent and minimise the potential infections and
transmissions of the virus.

To date, the virus has not impacted Motus’ revenue materially and the group has not experienced any
significant inventory delays. The Motus balance sheet remains strong, and is supported by significant
cash and access to undrawn facilities (both local and international). Our debt covenants show
comfortable headroom.

Management is monitoring the situation closely and appropriate contingency plans have been
developed and deployed in the divisions, and are being continuously revised to address potential risks
as they develop.

Given the fluidity and uncertainty surrounding the situation, currently it is not possible to quantify the
future impact the virus will have on the business. Should the impact of the virus become material and
quantifiable, Motus will provide the necessary guidance through the Stock Exchange News Service.

The information contained in this announcement has not been reviewed or reported on by Motus’
external auditors.


By order of the Board

20 March 2020

Sponsor
The Standard Bank of South Africa Limited

Date: 20-03-2020 11:36:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

Share This Story