April 27 (Reuters) - Aristocrat Leisure Ltd (ALL) :
- SUSPENSION OF FY2020 INTERIM DIVIDEND
- BALANCE SHEET REMAINS STRONG, WITH OVER $1 BILLION IN AVAILABLE LIQUIDITY
- AROUND 1,000 STAFF WILL BE STOOD DOWN UNTIL END OF JUNE 2020
- ARISTOCRAT LEISURE -UNTIL END OF SEPT, BASE SALARY OF MANAGING DIRECTOR & CEO, TREVOR CROKER, WILL BE REDUCED BY 30%
- AROUND 200 ROLES WILL BE REMOVED PERMANENTLY FROM BUSINESS
- ABOUT 200 FULL TIME ROLES WILL MOVE TO PART TIME
- CUTS OF 10 - 20% TO BASE SALARIES WILL BE APPLIED TO AROUND 1,500 STAFF
- COST REDUCTION INITIATIVES SEEN TO DELIVER $100 MILLION IN SAVINGS OVER REMAINDER OF FY ENDED 30 SEPT
- FEES PAYABLE TO BOARD OF DIRECTORS WILL BE REDUCED BY 20%
- DO NOT INTEND TO DECLARE INTERIM DIVIDEND AS PART OF HY RESULTS
Source text https://reut.rs/2VDSw9R
(([email protected];))
News: ALL Aristocrat Leisure Announces Suspension Of FY2020 Interim Dividend
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