April 27, 2020 / 6:45 AM / a month ago

BRIEF-Aminex Says Some Staff Furloughed; UK Management Team Takes 20%-40% Salary Cut

April 27 (Reuters) - Aminex PLC:

* AMINEX PLC - DIRECTORATE CHANGES, CORPORATE AND COVID-19 UPDATE

* AMINEX PLC - ROBERT AMBROSE APPOINTED INTERIM CHIEF EXECUTIVE OFFICER OF COMPANY.

* AMINEX PLC - SOME OF OUR STAFF HAVE NOW BEEN FURLOUGHED AND WHOLE UK MANAGEMENT TEAM HAVE TAKEN A 20-40% TEMPORARY REDUCTION IN SALARY

* AMINEX PLC - UK STAFF COSTS TO BE REDUCED BY OVER 20% ON A TEMPORARY BASIS

* AMINEX PLC - ALL DIRECTORS SACRIFICING SIGNIFICANT REMUNERATION TO SAVE CASH COSTS;

* AMINEX - LIKELY THAT IF RESTRICTION ON MOVEMENT CONTINUES FOR SIGNIFICANT PERIOD, THERE MAY BE DELAY IN GROUP’S OPERATIONS IN TANZANIA

* AMINEX PLC - DIRECTOR AND STAFF REMUNERATION SAVINGS WILL REDUCE CASH OUTGOINGS BY AROUND US$75,000 PER MONTH Source text for Eikon: Further company coverage:

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