Business
Suspension of Interim Dividend
Suspension of Interim Dividend.
About this update from Oxford Instruments Plc
[{"type":"text","content":"\n \n \n RNS Number : 9106H\n Oxford Instruments PLC\n 30 March 2020\n \n \n \n \n \n Oxford Instruments plc\n \n \n Suspension of Interim Dividend\n \n \n \n \n \n Oxford Instruments plc, a leading provider of high technology products and services to industrial companies and scientific research communities, today provides an update on the measures the Group is taking to mitigate the risks presented by the continued spread of COVID-19.\n \n \n \n \n \n On 18 March 2020, Oxford Instruments plc issued a trading update. In the statement we highlighted our strong balance sheet and substantial liquidity. The Group continues to trade in line with the revised guidance and net cash has increased to over £60m. This puts us in a strong position to manage through this difficult period. \n \n \n \n \n \n However, considering current uncertainty, we are taking all necessary internal actions to manage our cost base and cash resources prudently. In light of these actions, together with future measures that are being assessed to navigate through these difficult times, the Board feels that it is appropriate to suspend payment of the interim dividend, which was due to be paid on 14 April.\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Enquiries:\n \n \n \n \n \n \n Oxford Instruments \n \n \n plc \n \n Tel: 01865 393200\n \n \n Ian Barkshire, Chief Executive\n \n \n Gavin Hill, Group Finance Director\n \n \n \n \n \n \n MHP Communications\n \n Tel: 07767 323 423\n \n \n Rachel Hirst / Alice McLaren\n \n \n \n \n \n \n \n \n \n \n \n - Ends -\n \n \n Issued for and on behalf of Oxford Instruments plc\n \n \n \n Notes to Editors\n \n \n \n \n \n \n \n \n About Oxford Instruments plc\n \n \n \n \n \n Oxford Instruments designs, supplies and supports high-technology tools and systems with a focus on research and industrial applications. Innovation has been the driving force behind Oxford Instruments' growth and success for 60 years, supporting its core purpose to address some of the world's most pressing challenges. \n \n \n \n \n \n The first technology business to be spun out from Oxford University, Oxford Instruments is now a global company and is listed on the FTSE250 index o...