April 29 (Reuters) - Powerwrap Ltd PWL.AX :
* AT MARCH 31, FUA OF $7.9 BILLION
* MANAGEMENT & BOARD TO TEMPORARILY REDUCE INDIVIDUAL SALARIES
* INITIATES TAKEN INTENDED TO REDUCE TOTAL CASH EXPENSES BY OVER 20% P.A.
* RESTRUCTURED HEADCOUNT; REDUCING OPERATING EXPENDITURE
* MANAGEMENT & BOARD TO TEMPORARILY REDUCE INDIVIDUAL SALARIES BY 20%
* OTHER STAFF ASKED TO REDUCE SALARIES BY 10%
* WITHDRAWING FY20 FORECAST