Update on COVID-19 and business continuity plan
MARKET RELEASE
27 March 2020
Update on COVID-19 and business continuity plan
Cavalier Corporation Limited advises that its business continuity plan is now successfully in place,
with a number of further actions being undertaken to preserve the future of the business and jobs.
• In line with the Government-mandated lockdown, all New Zealand facilities are now closed
and essential staff required for business continuity are working remotely.
• The company is supporting access to Government subsidies and assistance for employees,
where available.
• Website orders are still being taken with delivery to be arranged post-lockdown.
• In Australia, at this stage, the sales and business teams are continuing to work and orders
are being taken, with stock available in-country.
• All non-essential capital and operational spend has been delayed and all costs are being
closely monitored.
• Cavalier has engaged with its banking partner to ensure continued support and liquidity
during this period.
• As previously advised, the Company is unable to provide any earnings guidance for FY20. The
Board will continue to monitor the situation and will keep shareholders and the market
informed.
ENDS
For further information please contact:
Paul Alston
Chief Executive Officer
palston@cavbrem.co.nz
+64 21 918 033
+64 9 277 1135
Jackie Ellis
Media and Investor Relations
Jackie@ellisandco.co.nz
+64 27 246 2505
Data sourced from publicly available filings. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.
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