March 27 (Reuters) - Buddy Technologies Ltd (BUD) : BUDDY...

March 27 (Reuters) - Buddy Technologies Ltd (BUD) :

• BUDDY TECHNOLOGIES- GROUP CEO, GROUP CFO AND LEADER OF COMMERCIAL DIVISION WILL EACH TAKE PAY CUTS OF 50% EFFECTIVE IMMEDIATELY
• BUDDY TECHNOLOGIES LTD- OPERATIONAL EXPENSES (EXCLUDING SALARIES) AND COST OFFSETS WILL BE CUT BY UP TO $375K/MONTH FOR DURATION OF CRISIS
• BUDDY TECHNOLOGIES - NEARLY ALL EMPLOYEES OF BUSINESS VOLUNTARILY AGREED TO REDUCTION IN HOURS, AVERAGING BETWEEN 1-2 DAYS/WEEK EFFECTIVE IMMEDIATELY
• BUDDY TECHNOLOGIES LTD- ANTICIPATE AN IMPACT ON LIFX SALES AS POPULATION LOCKDOWNS AND RETAIL STORE CLOSURES PROGRESS
• BUDDY TECHNOLOGIES - VOLUNTARY REDUCTION IN HOURS OF EMPLOYEES THROUGH TO AT LEAST END OF JUNE 2020
• BUDDY TECHNOLOGIES LTD- BRICKS AND MORTAR RETAIL LIFX SALES ARE CURRENTLY DOWN BETWEEN 10% AND 30% ON SAME PERIOD LAST YEAR
• BUDDY TECHNOLOGIES-AT PRESENT, NO MATERIAL IMPACT TO COMMERCIAL REVENUES FROM COMMERCIAL BUSINESS