April 8 (Reuters) - Tubi Ltd 2BE.AX :
* RECEIVED RESIGNATION FROM CHAIRMAN, SIMON BIRD
* RECEIVED RESIGNATION FROM CFO, ARIEL SIVIKOFSKY
* MARCELLO RUSSO HAS COMMITTED TO REMAIN AS MANAGING DIRECTOR
* BOARD HAD BEEN UNABLE TO AGREE ON CO'S STRATEGY AND FINANCING ARRANGEMENTS
* ALL PLANTS HAVE BEEN STOOD DOWN AND KEY PERSONNEL HAVE FOUND INTERIM POSITION
* SALES FOR QUARTER TO 31 MARCH 2021 ARE EXPECTED TO BE 70-80% LOWER THAN CORRESPONDING PERIOD LAST YEAR
* EXPERIENCED DIFFICULT TRADING CONDITIONS IN MARCH QUARTER DUE TO COVID AND RAW MATERIAL SUPPLY ISSUES
* HOPETOUN PTY LTD ADVISED CO THAT IT WILL NOT EXTEND CO'S LEASE OF PLANT 5003 AND HAS FORESHADOWED ITS SALE
* INTERIM CFO IDENTIFIED AND WILL BE APPOINTED SHORTLY Source ( https:// ) Further company coverage: 2BE.AX