News: N1H N1 Holdings Says Reversed 20% Reduction In Remuneration Of Non-Executive Directors

July 14 (Reuters) - N1 Holdings Ltd (N1H) :

• REVERSED 20% REDUCTION IN REMUNERATION OF NON-EXECUTIVE DIRECTORS
• RETAIL PREMISES AT CHATSWOOD'S N1 CENTRE HAS RE-OPENED AND RESUMED ITS OPERATIONS
• IN DISCUSSIONS WITH MULTIPLE PARTIES TO SOURCE MORE CAPITAL TO FUND ITS SME LENDING BUSINESS
• BACKDATED PAYMENT OF REMUNERATION FOREGONE
• COMPLETED EXPENSES REVIEW AND STREAMLINED OUTSOURCING ARRANGEMENTS WHICH HAVE RESULTED IN REDUCED COSTS AND EXPENSES
• SETTLED DISPUTE WITH PURCHASER FOR CO'S BOOK OF TRAIL COMMISSIONS
• AS PART OF SETTLEMENT, CO HAS FOREGONE REMAINING DEFERRED PAYMENT COMPRISING 15% OF PURCHASE PRICE