Cyber Monday Deal: Up to 60% off InvestingProCLAIM SALE

BRIEF-Moq Says Exec Team & Board Will Take Pay Reductions

Published 21/04/2020, 09:16 am
© Reuters.
MOQ
-

April 21 (Reuters) - MOQ Ltd MOQ.AX :

* MOQ LTD - EXECUTIVE TEAM AND BOARD WILL TAKE PAY REDUCTIONS

* MOQ LTD - CEO REMUNERATION WILL BE REDUCED BY 40% FOR SIX COMMENCING FROM MAY 1, 2020

* MOQ LTD - A HIRING FREEZE HAS BEEN INSTITUTED, WITH SOME 14 VACANCIES TO BE LEFT UNFILLED

* MOQ LTD - A MAJORITY OF DISCRETIONARY EXPENDITURE SUCH AS TRAVEL, TRAINING AND ENTERTAINMENT HAVE BEEN HALTED

* MOQ LTD - EXECUTIVE TEAM SALARIES WILL BE REDUCED BY 20% FOR 6 MONTHS STARTING MAY 1, 2020

* MOQ LTD - EXECUTIVE TEAM SALARIES WILL BE REDUCED BY 20% FOR SIX MONTHS COMMENCING FROM MAY 1, 2020

* MOQ LTD - NON-EXECUTIVE DIRECTOR REMUNERATION WILL BE WAIVED FOR SIX MONTHS FROM MAY 1, 2020

* MOQ LTD - MAY MAKE FURTHER REDUCTIONS IN FUTURE IF REQUIRED IN EXPENDITURE ITEMS

* MOQ LTD - TECHNOLOGY SALES REVENUES CONTINUE TO BE SLUGGISH AND COULD BE IMPACTED IN Q4 BY COVID-19 PANDEMIC

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.