March 20, 2018 / 10:55 PM / 5 months ago

BRIEF-Myer Holdings Board Approved A Reduction In Board Fees

March 21 (Reuters) - Myer Holdings Ltd:

* BOARD APPROVED A REDUCTION IN BOARD FEES.

* CHAIRMAN’S FEE HAS BEEN REDUCED FROM $350,000 TO $300,000

* MYER HOLDINGS - ‍AGREED ALL BOARD MEMBERS WILL TARGET SHAREHOLDING IN CO THAT IS EQUIVALENT TO AT LEAST ONE YEAR’S DIRECTOR’S FEES WITHIN THREE YEARS​

* HOUNSELL WILL RECEIVE A TRANSITIONAL PAYMENT OF $83,333 PER MONTH UNTIL COMMENCEMENT OF A NEW CEO Source text for Eikon: Further company coverage:

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