Centamin PLC FCA Results Guidance and COVID-19 Update (4585H)
March 25 2020 - 3:00AM
UK Regulatory
TIDMCEY
RNS Number : 4585H
Centamin PLC
25 March 2020
25 March 2020
Centamin plc
("Centamin" or "the Company")
(LSE:CEY, TSX:CEE)
FCA Results Guidance and COVID-19 Update
Financial Conduct Authority ("FCA") moratorium on publication of
results
On 21 March 2020, the FCA issued a strong request to all London
listed companies to observe a moratorium on the publication of
financial statements for a minimum of two weeks, due to the
unprecedented global outbreak of coronavirus ("COVID-19").
In accordance with the FCA's request, Centamin will postpone
publishing its 2019 Annual Results, for the twelve months ended 31
December 2019. As soon as we are advised by the FCA on updated
timing, the Company will announce the date for the publication of
its 2019 results.
For more information on the FCA request, please visit:
https://www.fca.org.uk/news/statements/fca-requests-delay-forthcoming-announcement-preliminary-financial-accounts
.
COVID-19
During these times of global uncertainty, our first priority is
securing our corporate borders to protect the health, safety and
wellbeing of our employees and communities. As of 24 March 2020,
Centamin has no cases of COVID-19 amongst its workforce and has
experienced no material disruption to operations, supply chain or
gold shipments.
Early action was taken at Sukari, in line with our Severe
Communicable Disease Outbreak Management Plan and the advice of
governments and health authorities, to cease non-essential travel,
adjust and manage on-site rosters, enable employees to work from
home where possible, educate the workforce on the virus (symptoms
and preventative measures), cease non-essential visitors, establish
multiple mandatory checkpoints (Marsa Alam airport, community
centre and mine gate) for possible symptoms and travel history
screening for all visitors. Measures are in place to ensure all
countries in which our people are located follow the advice of
local government and health authorities.
A COVID-19 Executive Committee has been established with a clear
management and site support framework in place, including daily
workforce and supply chain risk reviews. As with many countries
globally, Egypt has temporarily closed the national borders to
civilian travel until 15 April 2020, but borders remain open to
goods and supplies. To date, we have experienced no supply
disruptions and have sufficient internationally sourced critical
supplies stockpiled for the next quarter. We maintain open dialogue
with our key international and domestic suppliers and, as a matter
of caution, have assessed alternative potential supply channels. As
the pandemic progresses we will continue to monitor the situation
closely and will adapt our policies, procedures and controls to
minimise potential impacts, within our control, to our
business.
Centamin is a strong, resilient business with zero debt and
US$348.9 million in cash and liquid assets, as at 31 December
2019.
For more information, please visit the website www.centamin.com
or contact:
Centamin plc Buchanan
Ross Jerrard, CEO Bobby Morse
Alexandra Carse, Investor Relations Chris Judd
+44 (0) 7700 713 738 Kelsey Traynor
alexandra.carse@centamin.je + 44 (0) 20 7466 5000
centamin@buchanan.uk.com
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END
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