Business
Further Covid-19 Update and Equity Placing
Further Covid-19 Update and Equity Placing.
About this update from J D Wetherspoon Plc
[{"type":"text","content":"\n \n \n RNS Number : 3885L\n Wetherspoon (JD) PLC\n 29 April 2020\n \n \n \n \n The following amendment has been made to the 'Further Covid-19 Update and Equity Placing' announcement released on 29 April 2020 at 16:45 under RNS No 3800L.\n \n \n \n PDF of full announcement text including tables are now shown below.\n \n \n \n All other details remain unchanged.\n \n \n \n The full amended text is shown below.\n \n \n Click on, or paste the following link into your web browser, to view the associated PDF document.\n \n http://www.rns-pdf.londonstockexchange.com/rns/3885L_1-2020-4-29.pdf\n \n \n \n THIS ANNOUNCEMENT IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION, DISTRIBUTION OR FORWARDING, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, THE REPUBLIC OF SOUTH AFRICA, JAPAN OR ANY OTHER JURISDICTION IN WHICH SUCH PUBLICATION, RELEASE OR DISTRIBUTION WOULD BE UNLAWFUL.\n \n \n FURTHER, THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND IS NOT AN OFFER OF SECURITIES IN ANY JURISDICTION.\n \n \n THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION.\n \n \n LEI: 213800CHWARFAAN7UB85\n \n \n For immediate release\n \n \n 29 April 2020\n \n JD Wetherspoon plc (\"the company\")\n \n Further Covid‐19 Update, Equity Placing\n \n \n The company's immediate priority is to manage the business during the current 'lockdown' period. It is also starting to plan for a reopening of pubs and hotels in or around June.\n \n The company's long-stated \"mission\" is to have well trained staff, offering excellent products, at reasonable prices, in individually designed and well-maintained pubs.\n \n Investec Bank plc (\"Investec\") is acting as sole bookrunner in connection with the equity placing.\n \n Current Trading\n \n In its interim results announcement for the six months ended 26 January 2020, released on 20 March 2020, the company announced revenue of £933.0m (up 4.9%), like-for-like sales up 5.0%, profit before tax of £57.9m (up 15.2%), earnings per share (including shares held in trust) of 43.3p (up 15.8%) and free cash flow per share of 46.7p (down 31.2%). \n \n In the six weeks to 8 March 2020, like-for-like sales increased by 3.2%.\n \n In the week to 15 March 2020, like-for-like sales declined by 4.5%. T...