Business
Update on COVID-19 Coronavirus Impact and Dividend
Update on COVID-19 Coronavirus Impact and Dividend.
About this update from Wilmington Plc
[{"type":"text","content":"\n \n \n RNS Number : 4671H\n Wilmington PLC\n 25 March 2020\n \n \n \n \n 25 March 2020\n \n \n Wilmington plc\n \n \n ('Wilmington', 'the Group' or 'the Company')\n \n \n Update on COVID-19 Coronavirus Impact and Dividend\n \n \n \n \n \n Wilmington plc, the provider of data, information, education and networking events in Risk & Compliance, Healthcare and Professional knowledge areas, today announces a further update on the potential impact of COVID-19 (\"Coronavirus\"). \n \n \n \n \n \n The Group continues to closely monitor the developing situation regarding Coronavirus and the advice and directives from governments, the World Health Organisation and other relevant agencies. The health and safety of our employees, customers and partners remains the Group's main priority. \n \n \n \n \n \n Operational Update\n \n \n \n \n \n All parts of the Group are working remotely, with full operational capabilities currently being maintained through the investments in IT infrastructure and digital solutions that the Group has made over the last few years. Whilst the internal response has been swift and a testament to the professionalism of our employees, there is no doubt that the external impacts on parts of our business are now material. The recent restrictions placed on the congregation and movement of individuals by governments in Europe and the US are, by their nature, having an impact on the Group's ability to run conferences, events and face-to-face training courses. \n \n \n \n \n \n \n Networking events\n \n - which typically account for c.15% of annual Group revenues\n \n \n Currently the Group has suspended all face-to-face conferences and events until further notice. We are not planning to run any face-to-face events prior to 1 July, other than a handful of events such as RISE Nashville that were originally due to run in March and where delegates and sponsors are already signed up. These are currently scheduled to run in late June. We will review the feasibility of these current plans as the situation develops.\n \n \n \n \n \n Where possible we are converting elements of postponed events to run in an online format. There has been demand for such developments in a number of our communities and we are actively seeking to support them at this ti...