Source: TripAdvisor
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  • Healthy food company Oliver’s Real Food (OLI) has suspended trading at all of the company’s locations
  • The announcement comes after the Government gave advice to cancel all unnecessary travel arrangements and shut all non-essential services due to the COVID-19 pandemic
  • The close will commence today and will be in place for the next four weeks
  • Oliver’s is down 4.23 per cent on the market close, trading at 6.8¢ apiece.

Healthy food company Oliver’s Real Food (OLI) has suspended trading at all of the company’s locations.

The announcement comes after the Government gave advice to cancel all unnecessary travel arrangements and shut all non-essential services, due to the COVID-19 pandemic.

The close will commence today and will be in place for the next four weeks. Oliver’s said it will continue to monitor the situation and look to re-open its stores as soon as possible.

CEO Jason Gunn said the most important thing to focus on right now, is that we protect the health and safety Oliver’s staff and customers.

“Given our concern for the safety of our staff and customers, and the Government’s mandate for people to cancel all unnecessary travel and to shut non-essential services, we feel we have no choice other than to cease trading our stores temporarily,” he said.

“We remain committed to providing employment for all of our team when we recommence trading,” he told the market.

Earlier this month, the company entered into a scheme implementation deal with EG Group.

If the scheme goes ahead, Oliver’s shareholders will receive 10¢ cash per share.

Oliver’s is down 4.23 per cent on the market close, trading at 6.8¢ apiece.

OLI by the numbers
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