Monash IVF Group Limited: Deferred Dividend Payment Date and COVID Update

After the COVID-19 update on 25 March 2020, Monash IVF Group Limited (ASX:MVF) had provided a further update of COVID-19 on its business. Key highlights –

  • On the advice of the Australian Health Protection Principal Committee and as directed by the National Cabinet, the Company had temporarily withdrawn all its non-urgent elective surgery.
  • The payment date for the interim dividend has been deferred until 2 October 2020.

As announced on 1 April 2020, MVF has net debt of nearly $90 million and is in talks with its Financiers to guarantee an additional working capital facility.

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