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News: PGR Pas Group Is Pursuing Restructuring Options And Appointed A Team Of Advisors To Assist

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    27/04/20
    10:40
    Post #: 44273758

    April 27 (Reuters) - PAS Group Ltd (PGR) :

    • PURSUING RESTRUCTURING OPTIONS AND APPOINTED A TEAM OF ADVISORS TO ASSIST
    • LIKELY RESTRUCTURE WILL INVOLVE FURTHER REDUCTION IN NUMBER OF RETAIL STORES & A SIGNIFICANTLY REDUCED FIXED COST BASE
    • EACH DIRECTOR OF BOARD HAS AGREED TO FORGO 50% OF DIRECTORS' FEES FOR 1 APRIL 2020 TO 30 JUNE 2020
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