Informa plc outlines its financial response to COVID-19

London, 16th April: We have a few articles on Informa this week. In the face the on-going global COVID-19 pandemic, Informa plc has unveiled some the measures that the group will take to shore up its financial position.

The group will temporarily suspend dividends, cut executive pay and issue new shares worth about 20% of its total existing capital. Informa plans to raise approximately £1 billion in order to strengthen its balance sheet and reduce its debt from £2.4 billion ($2.9 billion) to £1.4 billion ($1.7 billion). The company is also negotiating with its U.S.-based debt holders over a “covenant waiver agreement.”