March 24, 2020 / 1:57 AM / 9 days ago

BRIEF-Warrego Energy Says Salaries Paid To Executive Directors & Senior Executives Reduced By 50%

March 24 (Reuters) - Warrego Energy Ltd:

* SALARIES PAID TO EXECUTIVE DIRECTORS & SENIOR EXECUTIVES REDUCED BY 50%

* FEES PAID TO NON-EXECUTIVE DIRECTORS REDUCED BY 50%

* ONGOING REORGANISATION & COST REDUCTION INITIATIVES IN LIGHT OF ECONOMIC CONDITIONS, EXACERBATED BY COVID-19

* CONFIRMS WILL CLOSE SYDNEY OFFICE ONCE TRANSITION OF CORPORATE FUNCTIONS TO OFFICE IN PERTH IS COMPLETE

* BOARD HAS DECIDED NOT TO ENGAGE WITH STRIKE ON PROPOSAL TO ACQUIRE ALL SHARES IN CO Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below