Frasers Group PLC Media Statement
22 Maggio 2020 - 8:30AM
RNS Non-Regulatory
TIDMFRAS
Frasers Group PLC
22 May 2020
Date: 22 May 2020
Frasers Group Plc
("Frasers Group" or the "Company")
Media Release
Mike Ashley has sent a letter to all individuals within the
Frasers Group in order to thank them for their support during the
lockdown period.
The letter also notes the Government's proposals for the phased
reopening of retail stores, which whilst not guaranteed may
potentially see the Company's stores begin to open from June 1st
2020.
Further to this, during the lockdown period our online offering
of sporting goods, fitness equipment and other products has
continued trading.
Therefore, the Company has decided payments to virtually all
directly engaged employees, including those on casual contracts,
will remain at 100% of normal salary levels for May. This applies
to both furloughed and non-furloughed employees.
Mike Ashley commented: "The Frasers Group is nothing without its
people, and I want to thank them all for their continued support
and hard work."
Senior management including Chris Wootton (CFO), Sean Nevitt
(Head of Commercial) and the non-executive directors, will remain
on a reduced annual salary capped at GBP40,000 at this time. As per
normal, Mike Ashley will not be drawing a salary.
Ends.
Frasers Group Plc T. 0344 245 9200
Tom Piper, Company Secretary E. investor.relations@sportsdirect.com
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END
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