logo
Plus   Neg
Share
Email

IWG Board To Take 50% Reduction In Fees, Base Salaries - Quick Facts

IWG plc (IWG.L) announced that the Board, including the Executive Directors Mark Dixon, CEO and Eric Hageman, CFO, has decided to take a 50% reduction in fees and base salaries during the challenging period. The Group noted that there has been no change in its assessment of COVID-19 or in its position.

The Board has decided to defer the Group's first quarter trading update from the provisional date of 28 April 2020 to 28 May 2020. The trading update will now cover the four-month period ending 30 April 2020.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Twitter has had preliminary talks with TikTok's Chinese owner ByteDance to buy the U.S. operations of the video-sharing app, the Wall Street Journal reported citing people familiar with the matter. Meanwhile, Microsoft has been the only company so far to say publicly it is pursuing TikTok. Pfizer said Friday it reached a multi-year deal with Gilead Sciences to manufacture and supply Gilead's investigational antiviral remdesivir for COVID-19 patients. Ferring Pharmaceuticals US is recalling various nasal sprays citing superpotency or amounts of desmopressin higher than specified, the U.S. Food and Drug Administration announced in a statement. The recall involves all lots on the market of DDAVP Nasal Spray 10 mcg/0.1mL, Desmopressin Acetate Nasal Spray 10 mcg/0.1mL, and STIMATE Nasal Spray 1.5 mg/mL.
RELATED NEWS
Follow RTT