iEnergizer Limited COVID-19 Trading Statement (3642M)
11 May 2020 - 4:00PM
UK Regulatory
TIDMIBPO
RNS Number : 3642M
iEnergizer Limited
11 May 2020
11 May 2020
iEnergizer Limited
("iEnergizer", the "Company" or the "Group")
COVID-19 Trading Statement
iEnergizer, the technology services and media solutions leader
for the digital age, provides the following operational update.
The Group has continued to operate as effectively since the
Government of India imposed a nationwide lockdown on 25 March 2020
to reduce the spread of COVID-19 in India.
The Group has taken important steps to ensure that it is well
positioned to fully support the requirements of its clients and
staff. After a transition for the first two weeks of the lockdown
period, iEnergizer is pleased to report the business is operating
at 80% to 90% efficiency on all services to its clients and there
has been no other disruption, with the majority of the Group's
employees now successfully transitioned to remote working.
Whilst it is difficult to predict how long India will remain in
some form of lockdown and the long-term economic repercussions of
COVID-19, the Group's balance sheet, net cash position along with
our long-term customer relationships remain strong. iEnergizer
remains in discussions with these clients to ensure the Group meets
their needs and requirements throughout this unprecedented
period.
The situation is improving whilst the lockdown measures ease
with some employees returning to the Group's offices. This provides
the Directors with confidence that the Group's operational
efficiency will increase to normal levels as the Government of
India continue to reduce the lock down measures.
Further announcements will be made in due course as and when
appropriate.
-Ends-
Enquiries:
iEnergizer Ltd. +44 (0)1481 242233
Chris de Putron / Mark De La Rue
Arden Partners - Nominated adviser and Broker +44 (0)20 7614 5900
Ciaran Walsh / Dan Gee-Summons
FTI Consulting - Communications Adviser +44 (0)20 3727 1000
Edward Westropp / Jonathon Brill / Eleanor Purdon
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END
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