BRIEF-Praemium Ltd Announces Organisational Restructure Focusing On Technology Division

Reuters

02/16

Feb 16 (Reuters) - Praemium Ltd PPS.AX:

ORGANISATIONAL RESTRUCTURE FOCUSING ON TECHNOLOGY DIVISION
RESTRUCTURING, ONCE IT HAS BEEN IMPLEMENTED, IS ANTICIPATED TO REDUCE HEADCOUNT BY AROUND 15%
ARMENIA REDUCTION IS EXPECTED TO FURTHER REDUCE HEADCOUNT BY AROUND 13% OFF PRE-RESTRUCTURE BASE
ANY SAVINGS IN 2026 FY WILL BE OFFSET BY REDUNDANCY COSTS, EXPECTED TO BE A$3.3 MILLION

Further company coverage: PPS.AX

((Reuters.Briefs@thomsonreuters.com;))

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