Hydro Hotel, Eastbourne, Plc
(“Hydro Hotel” or the “Company”)
Statement regarding Dividend
The Directors of Hydro Hotel announce an update in respect of the year ended
As shareholders will be aware, it has been a difficult trading year for the Company and particularly for the global hospitality industry as a result of the Coronavirus pandemic. Between
To support the business through this difficult time, the Company has been in receipt of Government financial assistance. In view of this assistance, and the continuing uncertainty regarding the economic consequences of the pandemic, the Board of Directors has decided that it would not be appropriate to declare a dividend in respect of the year ended
The Board's long-term strategy remains that of improving the performance of the Company’s trade so as to generate sufficient profits for distribution to its shareholders.
The hotel has enjoyed a loyal clientele over a long period and the Board anticipates that the suspension of the dividend will be a temporary measure which will assist in ensuring the continuation of the business.
The Company expects to announce its audited results for the year ended
The Directors of Hydro Hotel accept responsibility for the content of this announcement.
|Hydro Hotel, Eastbourne, Plc
|Telephone: +44 1323 431 200
+44 1323 720 643
AQSE Corporate Adviser
|Telephone: +44 20 7469 0930|
Market Abuse Regulation (MAR) Disclosure
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014. Upon the publication of this announcement via a