March 19 (Reuters) - Inventis Ltd (IVT) :
- UPDATE ON COVID-19 RESPONSE
- Q1 REVENUE IS IMPACTED BY IN EXCESS OF 25% IN SOME CERTAIN PARTS OF BUSINESS
- TAKEN DECISION TO POSTPONE ALL NEW UNPLANNED CAPITAL EXPENDITURE PROJECTS
- COMMENCING FROM 18TH MARCH, ALL SENIOR MANAGEMENT, INCLUDING MD, AND VOLUNTARY AGREEABLE STAFF TAKING 20% CUT IN SALARY AND FEES FOR MARCH
- TO POSTPONE ALL NEW UNPLANNED CAPITAL EXPENDITURE PROJECTS, UNTIL SUCH TIME AS BOARD DECIDES OTHERWISE
- STAFF WILL BE ENCOURAGED TO TAKE PAID AND LONG SERVICE LEAVE DURING APRIL 2020
- CURRENT LEVEL OF IMPOSED WORLDWIDE FLIGHT & TRAVEL RESTRICTIONS WILL HAVE IMPACT ON TIMING OF CONVERSION OF CURRENT PIPELINE IN H2 FY2020
- CONSIDERING CURRENT PROPOSAL TO INTRODUCE UNDERWRITTEN CONVERTIBLE NOTES ISSUE
Source text https://reut.rs/33uiuis
(([email protected];))
March 19 (Reuters) - Inventis Ltd (IVT) : UPDATE ON COVID-19...
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