ASX Announcement
17 July 2014
Director - CEO
Glyn Dawkins - Non Executive
Director
Geoff Garside -Executive Director
Company SecretaryGeoff Garside
Principal ContactStephen Bizzaca - Managing
Director - CEO Phone: 02 4629 0300
Ceoff Garside - CompanySecretary
Phone: 02 4629 0300
Registered office Delta SBD Limited (ACN 127 894 893) Suite 220, Centric4 Hyde Parade
Campbelltown NSW 2560
Telephone: 02 4629 0300
Facsimile: 02 4629 0399
Website: www.deltasbd.com.au
To : Australian Securities Exchange
Company Announcement
Restructure
Delta SBD Ltd announces that it is undertaking further organisational restructuring to improve the ongoing profitability of the group in response to continuing tight industry trading conditions. This will result in the amalgamation of some business units and personnel duties and will unfortunately result in a number of positions being made redundant.
As a result, Director and Audit and Compliance Committee Chairman, Geoff Garside, has been appointed as interim Finance Director and Company Secretary.
Mr Gordon Galt, Delta SBD's Director and Chairman of the Board, commented: "The restructuring, which significantly reduces overheads, is essential in the current highly competitive market. We expect a reduction of costs by at least $1m for FY15."
Yours Faithfully
Geoff Garside
Company Secretary
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