W G WEARNE LIMITED - Operational update on COVID-19 and the impact on Wearne
Operational update on COVID-19 and the impact on Wearne:
Operational update on COVID-19 and the impact on Wearne
W G WEARNE LIMITED
(Incorporated in the Republic of South
Africa) (Registration number:
1994/005983/06)
(Share Code: WEA ISIN Code: ZAE000078002)
(“Wearne” or “the Company” or “the group’’)
Operational update on COVID-19 and the impact on Wearne
Wearne supports the measures that the South African government has implemented to
contain the COVID-19 virus.
The lockdown has caused a complete shutdown of the construction industry and no trading is
taking place. It may have dire consequences for most construction companies and its
employees. The majority of Wearne employees has been given short time notices and Wearne
is applying for available relief schemes from the Government to try and assist employees
during this period.
While the effects of the COVID-19 virus on our business are continually being reassessed, the
full impact of the 21-day nationwide lockdown announced on 23 March 2020 remains
unknown.
Shareholders will be kept up to date on the impact of COVID-19.
31 March 2020
Designated Adviser
Exchange Sponsors
Date: 31-03-2020 12:43:00
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