23rd Mar 2020 12:38
(Alliance News) - The Gym Group PLC said Monday it has closed all 179 of its sites following advice from the UK government.
Shares in the gym operator were down 15% in London on Monday at 80.59 pence each.
Gym Group said the decision came into effect on Friday last week.
Chief Executive Richard Darwin said: "In our preliminary results announcement on Thursday March 19, we referenced we anticipated significant disruption and had in hand contingency plans. These included the closure of the whole estate and we have now actioned those plans."
He added: "We very much welcome the government's exceptional level of support for business in these extraordinary times and are reviewing the details of the various schemes to understand and quantify the benefit to our business. We are continuing our discussions with our key stakeholders and will make further announcements as appropriate."
By Paul McGowan; [email protected]
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