EGL environmental group limited (the)
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March 26 (Reuters) - Environmental Group Ltd (EGL) :...

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    26/03/20
    17:05
    Post #: 43716886

    March 26 (Reuters) - Environmental Group Ltd (EGL) :

    • ENVIRONMENTAL GROUP LTD- ANDREW ARAPAKIS WILL NO LONGER BE JOINING COMPANY AS CEO
    • ENVIRONMENTAL GROUP LTD - TO ELECT ELLIS RICHARDSON AS INTERIM MANAGING DIRECTOR
    • ENVIRONMENTAL GROUP LTD - WITHDRAWS PREVIOUS EARNINGS GUIDANCE ON 18 FEB
    • ENVIRONMENTAL GROUP LTD - DIRECTORS OF CO WILL FOR DURATION OF PANDEMIC RECEIVE HALF USUAL DIRECTORS FEES
    • ENVIRONMENTAL GROUP LTD - THESE CHANGES IN CONJUNCTION WITH OTHER COST REDUCTION MEASURES WILL DECREASE CORPORATE OVERHEADS BY OVER $0.7MLN
    • ENVIRONMENTAL GROUP- EXPECTS A COST EXAMINATION EXERCISE TO RESULT IN FURTHER ADDITIONAL SAVINGS IN OVERHEAD AND OPERATIONAL EXPENDITURES OF OVER $1M
    • ENVIRONMENTAL GROUP LTD - FOR TAPC UNIT, LOOKING TO DIVERT STAFF WHERE POSSIBLE TO UNITS THAT HAVE GAINED NEW CONTRACTS TO PROTECT CORE EXPERTISE
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