Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Up 866.00p
Change Today:
6.50p
Market Cap:
1,568.46m
Sector:
Real Estate Investment Trusts

Workspace offers customers rent reduction amid Covid-19 lockdown

By Michele Maatouk

Date: Friday 17 Apr 2020

LONDON (ShareCast) - (Sharecast News) - Flexible office space provider Workspace said on Friday that it has offered a 50% rent reduction to customers affected by government-imposed coronavirus restrictions.
The company said it had received a "large number" of requests for various forms of rent relief from its customers following the lockdown on 23 March, which has had a "material" effect on many businesses.

Workspace had already said it was offering customers the opportunity to defer a proportion of their rental payments on a case by case basis. It is now also offering customers in its business centres affected by the government restrictions a 50% rent reduction over the lockdown period.

Chief executive officer Graham Clemett said: "This is a very challenging time for all businesses, with many suffering immediate and significant reductions in income and adverse cashflow.

"While the government is providing a number of options to help businesses through this period, we have also been exploring ways of supporting our customers. We appreciate that for many customers this will only be the start of a very challenging time, and it is right that we share that burden with customers."

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Workspace Group Market Data

Currency UK Pounds
Price 866.00p
Change Today 6.50p
52 Week High 920.50p
52 Week Low 482.40p
Volume 59,059
Shares Issued 181.12m
Market Cap 1,568.46m

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Operating Margin
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What The Brokers Say

Strong Buy 3
Buy 0
Neutral 5
Sell 1
Strong Sell 2
Total 11
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Workspace Group Dividends

  Latest Previous
  Final Final
Ex-Div 01-Jul-21 02-Jul-20
Paid 06-Aug-21 07-Aug-20
Amount 17.75p 24.49p

Trades for 22-Jun-2021

Time Volume / Share Price
15:11 34 @ 866.00p
15:11 36 @ 865.50p
15:11 211 @ 865.50p
15:11 39 @ 865.50p
15:11 49 @ 865.50p

Workspace Group Key Personnel

CEO Graham Clemett
CFO David Benson