Brief: Wh Ireland Group To Commence A Collective Consultation Regarding Headcount Reduction

WH Ireland

28/07/2023 07:35

July 28 (Reuters) - WH Ireland Group PLC  WHI.L :
    * W.H. IRELAND GROUP  - TRADING UPDATE & PROPOSED PLACING
    * WH IRELAND GROUP - CARRYING OUT CONDITIONAL PLACING TO RAISE ABOUT £5.0
MILLION
TO CERTAIN EXISTING SHAREHOLDERS AND OTHER INVESTORS AT 3 PENCE PER SHARE
    * WH IRELAND GROUP PLC - WILL COMMENCE A COLLECTIVE CONSULTATION REGARDING
HEADCOUNT REDUCTION
    * WH IRELAND GROUP PLC - CERTAIN SENIOR MANAGEMENT TEAM MEMBERS WOULD
SACRIFICE A
PROPORTION OF THEIR SALARY
    * WH IRELAND GROUP PLC - PROGRAMME IS ANTICIPATED TO REDUCE ANNUAL COSTS BY
IN
RANGE OF £3.75M TO £4M

Source text for Eikon:  ID:nRSb4878Ha 
Further company coverage:  WHI.L 

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