March 30 (Reuters) - Pacific Smiles Group Ltd (PSQ) :
- WILL REDUCE ITS CENTRE FOOTPRINT FROM 93 CENTRES DOWN TO 17 CENTRES
- DENTAL CENTRE CLOSURES MEAN THAT MAJORITY OF PSQ'S EMPLOYEES WILL BE STOOD DOWN FROM 1 APRIL 2020
- DEPENDING ON HOW COVID-19 & DENTAL INDUSTRY RESPONSE EVOLVES, POSSIBLE THAT REMAINING 17 CENTRES WILL ALSO CLOSE IN COMING WEEKS
- A MAJORITY OF GROUP SUPPORT PERSONNEL WILL ALSO BE STOOD DOWN
- WILL IMMEDIATELY IMPLEMENT NON-EXECUTIVE DIRECTORS FEES REDUCED BY 50%
- WILL IMMEDIATELY IMPLEMENT EXECUTIVE LEADERSHIP TEAM SALARIES REDUCED BY 20%
- CHIEF EXECUTIVE OFFICER SALARY TO BE REDUCED BY 30%
- THERE WILL BE NO BONUSES PAID FOR YEAR ENDING 30 JUNE 2020
- PAYMENT DATE FOR INTERIM DIVIDEND WILL BE DEFERRED UNTIL 1 MAY 2020
March 30 (Reuters) - Pacific Smiles Group Ltd (PSQ) : WILL...
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