CGA 0.00% 52.0¢ contango asset management limited

News: CGA Contango Asset Management Says Co Reduced Total Employment Costs On An Annualised Basis...

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    April 8 (Reuters) - Contango Asset Management Ltd (CGA) :

    • CONTANGO ASSET MANAGEMENT LTD - COMPANY HAS REDUCED TOTAL EMPLOYMENT COSTS ON AN ANNUALISED BASIS BY ABOUT $450,000
    • CONTANGO ASSET MANAGEMENT - AGREED TO 10% REDUCTION IN DIRECTORS' FEES AND CEO AND MANAGING DIRECTOR'S BASE SALARY WILL BE REDUCED BY ABOUT 16%
    • CONTANGO ASSET MANAGEMENT LTD - EXPECTS TO HAVE A MATERIALLY LOWER COST BASE FOR FY 2021
    • CONTANGO ASSET MANAGEMENT - AS AT 7 APRIL, CONTANGO HAD FUM OF $524 MILLION WHICH EQUATES TO A FALL OF ABOUT 19%
 
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