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April 26 (Reuters) - East 33 Ltd (E33) : HAS UNDERTAKEN A...

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    26/04/22
    12:00
    Post #: 61017181

    April 26 (Reuters) - East 33 Ltd (E33) :

    • HAS UNDERTAKEN A STRATEGIC REVIEW
    • ANNOUNCES RESIGNATION OF JOHN MAHER AS CHAIRMAN
    • HEAVY RAINS AMONG OTHERS HAVE NEGATIVELY IMPACTED OUTLOOK FOR FY22 AND INVENTORY POSITION
    • NOW ANTICIPATED THAT EAST 33 MAY HAVE APPROXIMATELY ONLY 12 MILLION HARVESTABLE OYSTERS AVAILABLE FOR SALE IN FY23
    • JAMES GARTON WILL STEP IN AS ACTING CHAIRMAN
    • EAST 33'S PLAN TO GROW TO 20M OYSTER PRODUCTION OVER MULTI-YEAR PERIOD WILL BE SLOWED
    • NOW ANTICIPATED ONLY 12 MILLION HARVESTABLE OYSTERS AVAILABLE FOR SALE IN FY23
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