Trade show specialist Hyve Group PLC (LON:HYVE) has cancelled eight events due to the impact of coronavirus.
The mining Indaba organiser added a further 33 events have been postponed until later this year with a further 12 shifted into 2021.
In the UK, over a quarter of the workforce has been put on furlough leave, with a temporary pay reduction of 20% for the board.
The dividend for the current year has also been cut and future payments will be kept under review, said the FTSE 250 group.
Hyve added it has received a waiver for its June 2020 covenant tests under its debt facilities.
This was the first covenant test date following the refinancing of the group announced in December 2019.
The group added it has fully drawn on its committed debt facilities of £250mln to give it short-term liquidity flexibility.