Brief: Geoop Says Full-Time Headcount Being Reduced By About 25%

Geo

26/03/2020 24:45

March 26 (Reuters) - GeoOp Ltd  GEO.NZ :
    * FULL-TIME HEADCOUNT BEING REDUCED BY  ABOUT 25%
    * BOARD AND ALL EMPLOYEES GOING FORWARD TAKING 20% VOLUNTARY
PAY
REDUCTIONS UNTIL NORMAL TRADING RESUMES
    * UNLIKELY TO ISSUE SECOND TRANCHE OF NOTES WITHIN FY20
    * SEES TOUGHER TRADING CONDITIONS DURING COVID-19 OUTBREAK,
INCLUDING REDUCED LEVELS OF BUSINESS ENQUIRY & LICENSE SALES

Source text for Eikon:  ID:nNZSn8ba 
Further company coverage:  GEO.NZ 

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