Brief: Comfortdelgro Corp Says Board & Top Management To Take Pay Cuts

ComfortDelGro

06/04/2020 13:21

April 6 (Reuters) - Comfortdelgro Corporation Ltd  CMDG.SI :
    * BOARD & SENIOR MANAGEMENT OF COMFORTDELGRO GROUP TO TAKE
VOLUNTARY REDUCTIONS IN DIRECTORS' FEES & PAY RESPECTIVELY
    * DIRECTORS OF GROUP'S 3 LISTED COS- COMFORTDELGRO, SBS
TRANSIT,
VICOM- WILL TAKE VOLUNTARY 20% CUT IN FEES TILL END OF YEAR
    * CUTS WILL BE EFFECTIVE FROM APRIL 2020 AND WILL BE
REVIEWED AT
END OF JUNE
    * ALL SENIOR MANAGEMENT RANKED VICE PRESIDENT & ABOVE WILL
SEE A
10% SALARY REDUCTION
    * MANAGING DIRECTOR/GROUP CEO WILL TAKE VOLUNTARY 15% PAY
CUT

Source text for Eikon:  ID:nSNZ6dzGQ1 
Further company coverage:  CMDG.SI 

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