April 21 (Reuters) - MOQ Ltd (MOQ) : MOQ LTD - EXECUTIVE TEAM...

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    April 21 (Reuters) - MOQ Ltd (MOQ) :

    • MOQ LTD - EXECUTIVE TEAM AND BOARD WILL TAKE PAY REDUCTIONS
    • MOQ LTD - CEO REMUNERATION WILL BE REDUCED BY 40% FOR SIX COMMENCING FROM MAY 1, 2020
    • MOQ LTD - A HIRING FREEZE HAS BEEN INSTITUTED, WITH SOME 14 VACANCIES TO BE LEFT UNFILLED
    • MOQ LTD - A MAJORITY OF DISCRETIONARY EXPENDITURE SUCH AS TRAVEL, TRAINING AND ENTERTAINMENT HAVE BEEN HALTED
    • MOQ LTD - EXECUTIVE TEAM SALARIES WILL BE REDUCED BY 20% FOR 6 MONTHS STARTING MAY 1, 2020
    • MOQ LTD - EXECUTIVE TEAM SALARIES WILL BE REDUCED BY 20% FOR SIX MONTHS COMMENCING FROM MAY 1, 2020
    • MOQ LTD - NON-EXECUTIVE DIRECTOR REMUNERATION WILL BE WAIVED FOR SIX MONTHS FROM MAY 1, 2020
    • MOQ LTD - MAY MAKE FURTHER REDUCTIONS IN FUTURE IF REQUIRED IN EXPENDITURE ITEMS
    • MOQ LTD - TECHNOLOGY SALES REVENUES CONTINUE TO BE SLUGGISH AND COULD BE IMPACTED IN Q4 BY COVID-19 PANDEMIC
 
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