BRIEF-Pallinghurst Completes ‍Integration Of Gemfields

Last Updated: Thu, Dec 07, 2017 11:00 hrs

Dec 7 (Reuters) - Pallinghurst Resources Ltd:

* ‍INTEGRATION OF GEMFIELDS AND PALLINGHURST TEAMS HAS BEEN IMPLEMENTED, WITH HEADCOUNT AT LONDON ADMINISTRATIVE HEAD-OFFICE REDUCED BY ABOUT 15%

* ‍FURTHER STAFF RATIONALISATION WAS IMPLEMENTED AT GEMFIELDS OFFICES IN NEW YORK AND INDIA

* ‍CHANGES AND ADDITIONAL VOLUNTARY SALARY REDUCTIONS WILL REDUCE TOTAL COMPENSATION TO EXECUTIVE MANAGEMENT TEAM BY MORE THAN 50% ​​ Source text for Eikon: Further company coverage:



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