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C52 - Comfortdelgro News Story

S$1.75 0.0  0.0%

Last Trade - 12/04/21

Sector
Industrials
Size
Mid Cap
Market Cap £2.06bn
Enterprise Value £2.29bn
Revenue £1.76bn
Position in Universe 560th / 6089

BRIEF-Comfortdelgro Corp Says Board & Top Management To Take Pay Cuts

Mon 6th April, 2020 1:21pm
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;))
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