News: OLV Otherlevels Holdings Updates On Covid-19 Impact

March 25 (Reuters) - Otherlevels Holdings Ltd (OLV) :

• OTHERLEVELS HOLDINGS LTD- UPDATE ON COVID-19 IMPACT
• OTHERLEVELS HOLDINGS LTD - ALL BOARD FEES WILL BE WAIVED FOR NEXT THREE MONTHS TO 30 JUNE 2020
• OTHERLEVELS HOLDINGS LTD - SENIOR EMPLOYEES WILL WAIVE BONUSES FOR FY20
• OTHERLEVELS HOLDINGS LTD - BRENDAN O'KANE, MANAGING DIRECTOR AND CEO, WILL TAKE NO SALARY FOR NEXT THREE MONTHS TO 30 JUNE 2020
• OTHERLEVELS HOLDINGS LTD- CLIENTS IN TRAVEL AND HOSPITALITY SECTOR HAVE BEEN SEVERELY IMPACTED
• OTHERLEVELS HOLDINGS LTD - ALL DISCRETIONARY EXPENDITURE SUCH AS TRAVEL, CONFERENCE ATTENDANCE AND MARKETING HAS CEASED
• OTHERLEVELS HOLDINGS LTD- SPORTS BETTING CLIENTS ARE TEMPORARILY REDUCING THEIR MARKETING EFFORTS DUE TO LACK OF SPORTS CONTENT
• OTHERLEVELS HOLDINGS LTD - BOARD WILL ALSO CONTINUE TO REVIEW STRATEGIC OPTIONS TO STRENGTHEN LIQUIDITY AND BALANCE SHEET