30 March 2020
Oxford Instruments plc Suspension of Interim Dividend
Oxford Instruments plc, a leading provider of high technology products and services to industrial companies and scientific research communities, today provides an update on the measures the Group is taking to mitigate the risks presented by the continued spread of COVID-19.
On 18 March 2020, Oxford Instruments plc issued a trading update. In the statement we highlighted our strong balance sheet and substantial liquidity. The Group continues to trade in line with the revised guidance and net cash has increased to over £60m. This puts us in a strong position to manage through this difficult period.
However, considering current uncertainty, we are taking all necessary internal actions to manage our cost base and cash resources prudently. In light of these actions, together with future measures that are being assessed to navigate through these difficult times, the Board feels that it is appropriate to suspend payment of the interim dividend, which was due to be paid on 14 April.