Potential impacts from the move to COVID-19 Alert Level 4
Metro Performance Glass
5 Lady Fisher Place
East Tamaki
Auckland 2013
Market Release
NZX: MPG, ASX: MPP
24 March 2020
Update on potential impacts from the move to COVID‐19 Alert Level 4
Metro Performance Glass (Metroglass) is assessing the implications of the announcement by the New Zealand
Prime Minister, increasing New Zealand’s COVID‐19 alert to level 3 effective from
23 March 2020, and then to
level 4 from 25 March 2020.
Metroglass’ interpretation of the Government’s guidance is that Metroglass operations are not considered an
essential service, with the exception of construction related to essential services and critical infrastructure.
As a result, Metroglass is now significantly scaling down or closing
facilities across New Zealand in a safe and
orderly manner. After moving to COVID‐19 alert level 4, the company will continue to support customers with a
limited level of production and glazing support across the country.
Metroglass fully supports the steps being taken by the New Zealand Government to
manage and mitigate the
effects of the pandemic on New Zealand. The safety and wellbeing of staff and their families remains paramount,
and alternative working arrangements have been initiated where possible to keep parts of the business
operating.
To reduce stress and anxiety for employees over this time, all staff wages
and salaries will be covered for at least
the period of four weeks from Wednesday 25th March, 2020.
Given the overall uncertainty regarding the potential duration of the pandemic, at this time it is not possible to
predict the extent to which Metroglass’ future financial performance will be impacted.
Australian
Glass Group operations continue to operate
While Australian COVID‐19 related restrictions are continuing to increase, for now, Australian operations remain
open. Any developments from the federal and relevant state governments are being closely monitored.
Further market updates will be made in due course should the Group’s operating situation move materially
from
this position.
Simon Mander
Chief Executive Officer
Metro Performance Glass
For further information, please contact:
Andrew Paterson, Investor Relations
(+64) 027 403 4323
andrew.paterson@metroglass.co.nz
Authorised for release by the Metroglass Board.
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