SRY story-i limited
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News: SRY Story-I Halves Director Fees For 6 Months, Cuts Management Pay

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    06/04/20
    10:40
    Post #: 43899247

    April 6 (Reuters) - Story-I Ltd (SRY) :

    • ALL DIRECTORS WILL TAKE A 50% CUT IN FEES FOR A PERIOD OF 6 MONTHS
    • ENGAGED WITH LANDLORDS FOR RENTAL REDUCTIONS AND WAIVER OF SERVICE FEES
    • SALARIES FOR MANAGEMENT AND STAFF WILL BE REDUCED BY 50%
    • TO FURTHER MINIMISE IMPACT ON CASHFLOW, MAJOR SUPPLIERS AGREED TO DEFER PAYMENTS & EXTEND NORMAL CREDIT PERIOD
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