Brief: Sunland Group Ltd Says Co Has Met To Discuss Appropriate Structure Of Board

Sunland

07/03/2022 01:24

March 7 (Reuters) - Sunland Group Ltd  SDG.AX :
    * SUNLAND GROUP LTD - MET TO DISCUSS APPROPRIATE STRUCTURE
OF
BOARD
    * SUNLAND - BELIEVE IT IS APPROPRIATE BOARD RESTRUCTURE IN
ORDER
TO REDUCE OVERHEAD EXPENSES
    * SUNLAND GROUP LTD - EXECUTIVE CHAIRMAN SOHEIL ABEDIAN WILL
REDUCE REMUNERATION ARRANGEMENTS BY 40%
    * SUNLAND GROUP LTD - MANAGING DIRECTOR SAHBA ABEDIAN WILL
REDUCE
REMUNERATION ARRANGEMENTS BY 40%
    * SUNLAND GROUP -  WILL CONTINUE TO REVIEW REMUNERATION
ARRANGES
FOR DIRECTORS AND STAFF QUARTERLY AS GROUP'S STRATEGIC PLAN
CONTINUES TO BE DELIVERED
    * SUNLAND GROUP LTD - REBECCA FRIZELLE AND VAHID SABERI WILL
RESIGN AS DIRECTORS
    * SUNLAND GROUP LTD - EXPECTED THAT BY END JUNE 2022 GROUP
WOULD
HAVE REPAID ALL OF SENIOR DEBT FACILITIES

Source text for Eikon:  ID:nASX1yny3V 
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