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BRIEF-Search Party updates on strategic and product review

Published 30/03/2017, 10:58 am
© Reuters.  BRIEF-Search Party updates on strategic and product review
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March 30 (Reuters) - Search Party Group Ltd SP1.AX

* Updates on regarding progress on its strategic and product review as previously advised

* Total costs associated with changes (primarily redundancy costs) since beginning of 2017 are not expected to exceed $900k

* Targeting completion of strategic review process in approximately 6 to 8 weeks

* Company has decided to further minimise operating expenses, preserving funding for any required development costs

* Cost reduction includes reducing headcount in development team to meet company's short-term needs Source text for Eikon: ID:nASXB8HR7 Further company coverage: SP1.AX

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