Wetherspoon (JD) PLC Further update on COVID-19 (8559Q)
24 Junio 2020 - 01:00AM
UK Regulatory
TIDMJDW
RNS Number : 8559Q
Wetherspoon (JD) PLC
24 June 2020
24 June 2020
JD WETHERSPOON PLC
Further update on COVID-19
JD Wetherspoon ("the company") today provides the following
update in relation to COVID-19.
Financing
Following a share placing in April 2020, from which the company
raised a total of approximately GBP141m before fees, a group of the
company's lending banks has approved a further GBP48.3 million loan
through the Coronavirus Large Business Interruption scheme
("CLBILS").
Reopening of pubs
The company's pubs in England are due to reopen on 4 July 2020,
in line with the government's guidance. Following consultation with
employees, resulting in over 3,000 suggestions, the company has
created the 'Wetherspoon COVID-19 Secure Operating Plan', which
sets out how we intend to safely operate pubs when we reopen.
New pub projects
The company does not currently intend to start any new pub
development projects in the next 12 months. A small number of
projects that were "on site" when pubs closed will be completed in
due course.
Employee survey
We have carried out a survey and, as at 18 June, have received
36,004 (82%) responses from employees, the results of which have
already been shared with them.
Of those who responded, 35,616 have said they intend to return
to work, although 4,090 are not able to return immediately, due to
maternity leave, caring responsibilities, or health issues.
388 have said they do not intend to return to work, and have
either resigned, or intend to resign.
1,934 have said that they are either "shielding" or are
vulnerable. A percentage of them will not be able to return to work
at this stage.
79 have tested positive for Covid-19, of which 74 have said they
have recovered, and 5 have said that they are still unwell.
834 suspected they had Covid-19, not confirmed by a test, of
which 780 have said they have recovered and 54 have said that they
are still unwell.
Sadly, two loyal members of staff died at the end of April,
having tested positive for Covid-19. Our condolences go to their
families, friends and colleagues.
The company's financial year ends on 26 July 2020 and, following
guidance from the Financial Conduct Authority and the Financial
Reporting Council relating to the challenges preparing accounts at
the current time, the full year results are now due to be announced
on 9 October 2020.
Ends.
NOTES TO EDITORS
1. J D Wetherspoon owns and operates pubs throughout the UK and
Ireland. The company aims to provide customers with good-quality
food and drink, served by well-trained and friendly staff, at
reasonable prices. The pubs are individually designed and the
company aims to maintain them in excellent condition.
2. Visit our website www.jdwetherspoon.com .
3. The annual report and financial statements 2019 has been
published on the company's website on 13 September 2019.
4. The current financial year comprises 52 trading weeks to 26
July 2020.
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
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