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James Fisher Suspends 2019 Final Dividend Amid COVID-19

Marine service provider James Fisher and Sons plc (FSJ.L) reported Thursday that its board has decided to suspend the final dividend for the year 2019, owing to the uncertainty in markets caused by COVID-19. The Group's trading in the first two months of 2020 was ahead of the prior year.

Taking into consideration the current situation, the Group said it is proactively taken steps to reduce costs, to optimise cash flow and to protect liquidity.

While the Board decided to suspend the 2019 final dividend of 23.4 pence per share, the Group said it will continue to monitor the developing situation and take further actions as necessary.

In addition, the Group signed a new 30 million pounds revolving credit facility on March 20. The Group will provide a further update at its AGM to be held on April 30.

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