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Meggitt PLC (MGGT)

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Thursday 06 August, 2020

Meggitt PLC

Response to press speculation

RNS Number : 2911V
Meggitt PLC
06 August 2020
 

6 August 2020

 

Meggitt PLC - Response to press speculation

 

The Group notes the recent press speculation regarding potential debt or equity funding options.

Further to our trading update on 2 July, the Group continues to trade in line with our internal expectations.  While there have been initial signs of a recovery in the civil aerospace sector, considerable uncertainty remains in relation to COVID-19.  

Against this backdrop, the Group continues to review a range of trading scenarios and associated actions to mitigate any material adverse change to the industry outlook.

Our current financial position and liquidity remain strong.  At 30 June 2020, we had £1,701m of committed facilities in place providing headroom of £856m.  We also have access to additional liquidity as an eligible issuer under the Bank of England's Covid Corporate Financing Facility.

 

 

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Enquiries:

Tony Wood, Chief Executive

Louisa Burdett, Chief Financial Officer

Mathew Wootton, Vice President, Strategy & Investor Relations

Meggitt PLC

 

Nick Hasell, Managing Director

Alex Le May, Managing Director

Dwight Burden, Managing Director

 

FTI Consulting

Tel: +44 203 727 1340

[email protected]lting.com

 


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