EXL elixinol wellness limited
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News: EXL Elixinol Wellness Announces Preliminary Outcomes Of Strategic Review Undertaken To...

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    28/03/22
    12:55
    Post #: 60466526

    March 28 (Reuters) - Elixinol Wellness Ltd (EXL) :

    • STRATEGIC REVIEW UPDATE-EXL.AX
    • ANNOUNCES PRELIMINARY OUTCOMES OF STRATEGIC REVIEW UNDERTAKEN TO ADDRESS CHALLENGES RESULTING FROM CURRENT STATUS OF CBD SECTOR
    • FINDINGS FROM STRATEGIC REVIEW IDENTIFIED OPPORTUNITIES THAT SEES TO REDUCE OPERATING COSTS BY ABOUT A$3.2M ON ANNUALISED BASIS
    • RESIGNATION OF GLOBAL CEO OLIVER HORN, EFFECTIVE 8 APRIL 2022
    • RON DUFFICY, CURRENT GLOBAL CFO, TO BE APPOINTED AS INTERIM GLOBAL CEO, EFFECTIVE 8 APRIL 2022
    • DECIDED TO BRING FORWARD COST REDUCTIONS TO BETTER POSITION CO FOR CURRENT MARKET ENVIRONMENT
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1.9¢ 		Change
0.000(0.00%) 		Mkt cap ! $4.373M
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