Quarter 4 Appendix 4C and Quarterly Activities Review
Xref Limited (ASX:XF1), the human resources technology company, today released its Quarterly Appendix 4C for the quarter ended 30 June 2020. The Quarterly Activities Review for the same period was released on July 6, 2020 (see Xref Q4 Quarterly Activities Review).
Additional Appendix 4C Information
Government grants and tax incentives (Item 1.7)
Amounts shown at Item 1.7 for the June quarter are government payments (including wages subsidies) received as part of economic recovery packages in Australia, New Zealand and Canada.
Payment to Related Parties (Item 6)
Amounts shown at item 6.1 are payments made to the directors of Xref Limited (paid through subsidiaries) in the form of contracted salary payments (to executive directors) and directors fees (to non-executive directors) plus statutory entitlements.
The figure includes the 20% reduction in salaries and directors fees paid for Q4, announced previously as part of Xref’s Covid-19 cost-saving initiatives. The foregone salaries and directors fees will be replaced with fully paid ordinary issued shares if approved by shareholders at the 2020 AGM.
Financing Facilities (Item 7)
On July 31, Xref Limited entered into a Loan/Warrant structure with Pure Asset Management. The full details of the facility can be found in the release made to the market on 31 July 2020. (see Xref Secures New Debt Facility)
Investor and media enquiries:
Investor Centre: xref.com/investor-centre
Authorised by the Board of Directors of Xref Limited (ASX : XF1)
Xref Limited, Suite 17, 13 Hickson Road, Dawes Point, Sydney NSW 2000 Australia
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