Breedon Group PLC Closure of sites in Ireland (3019I)
01 April 2020 - 5:00PM
UK Regulatory
TIDMBREE
RNS Number : 3019I
Breedon Group PLC
01 April 2020
News release
1 April 2020
BREEDON GROUP PLC
Closure of sites in Ireland
Following our announcement on 26 March, in which we confirmed
that our operations in the Republic of Ireland (RoI) would continue
to operate pending further guidance, the Irish Government
introduced restrictions on 27 March requiring all non-essential
businesses to close for two weeks from that date.
We have therefore decided temporarily to suspend production at
our RoI sites, including our cement plant at Kinnegad, with the
exception of those serving health projects and critical road and
utility infrastructure. We welcome the Irish Government's Wage
Subsidy Scheme, which should ensure that eligible employees
continue to receive a proportion of their pay while they are not
working.
Our priority remains the health and wellbeing of our colleagues,
subcontractors, customers and communities and we will continue to
respond as appropriate to guidance from the governments and health
authorities of both the UK and Ireland.
We will provide further updates as and when appropriate.
The information contained within this announcement is deemed by
the Group to constitute inside information under the Market Abuse
Regulations (EU) No. 596/2014.
- ends -
For further information:
Breedon Group plc 01332 694010
Pat Ward, Group Chief Executive
Rob Wood, Group Finance Director
Stephen Jacobs, Group Head of Communications 07831 764592
Cenkos Securities plc 020 7397 8900
Max Hartley
Numis Securities (joint broker) 020 7260 1000
Heraclis Economides
Ben Stoop
Teneo (Public relations adviser to Breedon) 020 7420 3180
Matt Denham/Rachel Miller
NOTES TO EDITORS:
Breedon Group plc is a leading vertically-integrated
construction materials group in Great Britain and Ireland. It
operates two cement plants and an extensive network of quarries,
asphalt plants and ready-mixed concrete plants, together with slate
production, concrete and clay products manufacturing, contract
surfacing and highway maintenance operations. The Group employs
nearly 3,000 people and has nearly 900 million tonnes of mineral
reserves and resources. Its strategy is to continue growing
organically and through the acquisition of businesses in the
heavyside construction materials market.
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
UPDFLFLRVFILVII
(END) Dow Jones Newswires
April 01, 2020 02:00 ET (06:00 GMT)
Breedon (LSE:BREE)
Historical Stock Chart
From Apr 2024 to May 2024
Breedon (LSE:BREE)
Historical Stock Chart
From May 2023 to May 2024