Brief: Oventus Medical Announces Market Update

Oventus Medical

31/08/2022 02:29

Aug 31 (Reuters) - Oventus Medical Ltd  OVN.AX :
    * MARKET UPDATE
    * STEPS TAKEN TO REDUCE OPERATIONAL COSTS THROUGHOUT WIDER
OVENTUS
GROUP
    * UNDER RECAPITALIZATION STRATEGY, LEASES FOR UNDERUTILISED
PREMISES HAVE BEEN TERMINATED IN AUSTRALIA AND US
    * UNDER RECAPITALISATION STRATEGY, OPERATIONS IN CANADA HAVE
BEEN
SCALED BACK
    * UNDER RECAPITALISATION STRATEGY, ADMINISTRATORS HAVE
UNDERTAKEN
RE-NEGOTIATION OF KEY TRADING CONTRACTS

Source text for Eikon:  ID:nASX8BC3r9 
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