May 14 (Reuters) - United Malt Group Ltd (UMG) : UNITED MALT...

May 14 (Reuters) - United Malt Group Ltd (UMG) :

• UNITED MALT GROUP LTD - RAISING A$140M VIA A FULLY UNDERWRITTEN INSTITUTIONAL PLACEMENT
• UNITED MALT GROUP - NON- UNDERWRITTEN SHARE PURCHASE PLAN OF UP TO A$25M
• UNITED MALT GROUP LTD - TARGETING COST SAVINGS OF ABOUT $10 MILLION IN 2H20
• UNITED MALT GROUP LTD - NEW SHARES UNDER PLACEMENT WILL BE ISSUED AT A$3.80 PER SHARE
• UNITED MALT GROUP - HY UNDERLYING NET PROFIT AFTER TAX OF $28.53 MILLION
• UNITED MALT- HY REVENUE UP BY 9% VERSUS. PCP TO $664.6 4 MILLION
• UNITED MALT GROUP - 20% REDUCTION IN BASE FEES FOR BOARD AND BASE SALARY FOR EXECUTIVE LEADERSHIP TEAM FOR REMAINDER OF FY20
• UNITED MALT GROUP-TO EVALUATE PAYMENT OF FINAL FY20 DIVIDEND, WILL CONSIDER CURRENT & FUTURE EARNINGS AND CASH FLOWS
• UNITED MALT GROUP - TARGETING COST SAVINGS OF ABOUT $10 MILLION IN 2H20
• UNITED MALT GROUP LTD - TARGETING DEFERRAL OF CAPITAL EXPENDITURE OF ABOUT $5 MILLION INCLUDED IN 2H20
• UNITED MALT- MALT PRODUCTION FACILITIES CONTINUE TO OPERATE AT HIGH LEVELS OF CAPACITY UTILISATION, OVERALL REVENUE FROM MAJOR BREWERS MARGINALLY DOWN
• UNITED MALT GROUP- OVERALL DEMAND IN APRIL WAS 30% LOWER
• UNITED MALT- "EXPECT A SLOW RETURN TO PRE-COVID-19 VOLUMES"