Business
Covid-19 and AGM Update
Covid-19 and AGM Update.
About this update from Mission Group Public Limited Company
[{"type":"text","content":"\n \n \n RNS Number : 5414N\n Mission Group PLC (The)\n 21 May 2020\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n THE MISSION GROUP plc\n \n \n (\"MISSION\", \"THE GROUP\")\n \n \n \n \n \n COVID-19 AND AGM UPDATE\n \n \n \n \n \n Ahead of its AGM on 15 June 2020, MISSION (AIM: TMG), the alternative group for ambitious brands, today provides a further update regarding the impact of the COVID-19 pandemic on its business.\n \n \n \n \n \n COVID-19 Update\n \n \n \n \n \n In unprecedented circumstances, the Group has been quick to adapt to a fast-changing trading environment. \n \n \n \n \n \n Whilst the nature of our business means that many of our teams are already accustomed to working from home, prior investments in centralising our IT and operations functions have been timely, ensuring all our colleagues across the UK, Europe, Asia and the US have easy access to the full breadth of support they need through this sustained period of home-working. This has resulted in minimum disruption to our client service and day to day operations.\n \n \n \n \n \n Whilst the pandemic has inevitably impacted on Client demand as companies adjust their marketing strategies in these uncertain times, MISSION's track record of establishing trusted partnerships with our Clients that deliver real business growth is a core strength. \n \n \n \n \n \n Furthermore, our agile culture and focus on innovation means we are well placed to take advantage of opportunities that may arise from the crisis. An early example of this is Pathfindr's recent launch of a new Safe Distancing Assistant, a wearable device which helps people maintain safe distancing and keep businesses open. For more information, visit Pathfindr's \n \n website\n \n and yesterday's \n \n Sky News\n \n piece. \n \n \n \n \n \n Overall, while visibility on how trading will be impacted remains limited, we are encouraged to see some early signs of increased activity in certain sectors, including technology, healthcare and property, as economies start to exit lockdown. \n \n \n \n \n \n The Group came into the crisis period in strong financial health and remains well financed. We have taken several decisive actions to conserve cash in the short term. These include voluntary salary ...