Investegate |Young & Co s Brew Announcements | Young & Co s Brew : Statement re media speculation investegate.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investegate.co.uk Daily Mail and Mail on Sunday newspapers.
Information within this announcement is deemed by Young s to constitute inside information under the UK Market Abuse Regulation. ( Young s or the Company ) Notification pursuant to AIM Rules 11 and 17 Young s provides the following update in light of the ongoing Covid-19 situation and the announcement of the Government s Roadmap for the easing of lockdown restrictions, which should provide some certainty about the Company s plans to reopen its pubs.
Young s expects to reopen about 140 of its managed pubs with outdoor spaces on or around 12 April. Assuming the Roadmap timetable is followed, the rest of the Company s managed estate should open on or around 17 May with restricted indoor trading, ultimately leading to the Company operating under more normal trading conditions from 21 June. If this reopening schedule proceeds as planned, the Company expects to deliver a positive cash flow in May.