March 30 (Reuters) - Pacific Smiles Group Ltd PSQ.AX :
* 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