Brief: Brisbane Broncos Says Director Remuneration Reduced By 75% From 1 April To 31 Dec

Brisbane Broncos

17/04/2020 02:24

April 17 (Reuters) - Brisbane Broncos Ltd  BBL.AX :
    * BRISBANE BRONCOS LTD - DIRECTOR REMUNERATION REDUCED BY
75% FROM
1 APRIL 2020 TO 31 DECEMBER
    * BRISBANE BRONCOS LTD - CHIEF EXECUTIVE OFFICER
REMUNERATION
REDUCED BY 50% FROM 1 APRIL 2020 TO 31 OCTOBER 2020
    * BRISBANE BRONCOS LTD - 22 REDUNDANCIES EFFECTIVE FROM 27
MARCH
    * BRISBANE BRONCOS LTD - EXECUTIVE TEAM AND SELECTED SENIOR
STAFF
REMUNERATION REDUCED BY 20% FROM 1 APRIL 2020 TO 31 DEC 2020
    * BRISBANE BRONCOS LTD - IMPACT OF COVID 19 ON NATIONAL
RUGBY
LEAGUE (NRL) COMPETITION RESULT IN SIGNIFICANT REDUCTION IN
REVENUE FOR 2020 FY
    * BRISBANE BRONCOS LTD - PERIODS OF LEAVE WITHOUT PAY FOR
SOME
EMPLOYEES WILL BE UNAVOIDABLE
    * BRISBANE BRONCOS LTD - EMPLOYEES NOT USEFULLY EMPLOYED
DURING
PERIOD WILL BE REQUIRED TO AVAIL ANNUAL LEAVE AND LONG SERVICE
LEAVE PROVISIONS

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 ((Reuters.Briefs@thomsonreuters.com;))