Oxford Instruments PLC Suspension of Interim Dividend (9106H)
March 30 2020 - 2:00AM
UK Regulatory
TIDMOXIG
RNS Number : 9106H
Oxford Instruments PLC
30 March 2020
Oxford Instruments plc
Suspension of Interim Dividend
Oxford Instruments plc, a leading provider of high technology
products and services to industrial companies and scientific
research communities, today provides an update on the measures the
Group is taking to mitigate the risks presented by the continued
spread of COVID-19.
On 18 March 2020, Oxford Instruments plc issued a trading
update. In the statement we highlighted our strong balance sheet
and substantial liquidity. The Group continues to trade in line
with the revised guidance and net cash has increased to over
GBP60m. This puts us in a strong position to manage through this
difficult period.
However, considering current uncertainty, we are taking all
necessary internal actions to manage our cost base and cash
resources prudently. In light of these actions, together with
future measures that are being assessed to navigate through these
difficult times, the Board feels that it is appropriate to suspend
payment of the interim dividend, which was due to be paid on 14
April.
Enquiries:
Oxford Instruments plc Tel: 01865 393200
Ian Barkshire, Chief Executive
Gavin Hill, Group Finance Director
MHP Communications Tel: 07767 323 423
Rachel Hirst / Alice McLaren
- Ends -
Issued for and on behalf of Oxford Instruments plc
Notes to Editors
About Oxford Instruments plc
Oxford Instruments designs, supplies and supports
high-technology tools and systems with a focus on research and
industrial applications. Innovation has been the driving force
behind Oxford Instruments' growth and success for 60 years,
supporting its core purpose to address some of the world's most
pressing challenges.
The first technology business to be spun out from Oxford
University, Oxford Instruments is now a global company and is
listed on the FTSE250 index of the London Stock Exchange (OXIG).
Its strategy focuses on being a customer-centric, market-focused
Group, understanding the technical and commercial challenges faced
by its customers. Key market segments include Semiconductor &
Communications, Advanced Materials, Healthcare & Life Science,
and Quantum Technology.
Their portfolio includes a range of core technologies in areas
such as low temperature and high magnetic field environments;
Nuclear Magnetic Resonance; X-ray, electron, laser and optical
based metrology; atomic force microscopy; optical imaging; and
advanced growth, deposition and etching.
Oxford Instruments is helping enable a greener economy,
increased connectivity, improved health and leaps in scientific
understanding. Their advanced products and services allow the
world's leading industrial companies and scientific research
communities to image, analyse and manipulate materials down to the
atomic and molecular level, helping to accelerate R&D, increase
manufacturing productivity and make ground-breaking
discoveries.
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END
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