News: AMA AMA Group Says Senior Executives And Board Members Have Taken 20% Reduction In...

May 21 (Reuters) - AMA Group Ltd (AMA) :

• VOLUMES FOR MAY AND JUNE ARE LIKELY TO STILL BE IMPACTED ACROSS BUSINESS
• CLOSELY MONITORING COST IMPACTS WHICH MAY RESULT IN FURTHER DOWNSCALING OF SITES AND WORKFORCES
• SENIOR EXECUTIVES AND BOARD MEMBERS HAVE TAKEN 20% REDUCTION IN REMUNERATION PACKAGES FROM MAY 2020
• TAKEN RANGE OF INITIATIVES TO MINIMISE FINANCIAL IMPACT INCLUDING DOWNSCALING WORKFORCE
• NO CURRENT REQUIREMENT FOR A CAPITAL RAISING
• NET DEBT POSITION AT END OF APRIL IS TRACKING BETTER THAN ORIGINALLY FORECAST
• "TRAFFIC LEVELS ARE RETURNING TO PRE-COVID-19 LEVELS AS GOVERNMENT RELAXES RESTRICTIONS"
• VOLUMES FOR MAY AND JUNE ARE LIKELY TO STILL BE IMPACTED ACROSS BUSINESS