Brief: N1 Holdings Says Reversed 20% Reduction In Remuneration Of Non-Executive Directors
14/07/2020 09:06
July 14 (Reuters) - N1 Holdings Ltd N1H.AX :
* REVERSED 20% REDUCTION IN REMUNERATION OF NON-EXECUTIVE
DIRECTORS
* RETAIL PREMISES AT CHATSWOOD'S N1 CENTRE HAS RE-OPENED AND
RESUMED ITS OPERATIONS
* IN DISCUSSIONS WITH MULTIPLE PARTIES TO SOURCE MORE
CAPITAL TO
FUND ITS SME LENDING BUSINESS
* BACKDATED PAYMENT OF REMUNERATION FOREGONE
* COMPLETED EXPENSES REVIEW AND STREAMLINED OUTSOURCING
ARRANGEMENTS WHICH HAVE RESULTED IN REDUCED COSTS AND EXPENSES
* SETTLED DISPUTE WITH PURCHASER FOR CO'S BOOK OF TRAIL
COMMISSIONS
* AS PART OF SETTLEMENT, CO HAS FOREGONE REMAINING DEFERRED
PAYMENT COMPRISING 15% OF PURCHASE PRICE
Source text for Eikon: ID:nASX4549Lp
Further company coverage: N1H.AX
((Reuters.Briefs@thomsonreuters.com;))
Recent news on N1 Holdings
See all newsBrief: N1 Holdings To Maintain Its Long-Established Approach To Property-Backed Private Lending
Brief: N1 Posts FY26 Revenue A$21.67 Million (Unaudited)
Brief: N1 Holdings Expands Funding Capacity To A$400 Million
Brief: N1 Holdings Logs Q2FY26 Unaudited Gross Revenue A$6.15 Mln
Brief: N1 Holdings Completes Major Refinance Of A$50 Million Facility