April 8 (Reuters) - Contango Asset Management Ltd CGA.AX :
* CONTANGO ASSET MANAGEMENT LTD - COMPANY HAS REDUCED TOTAL EMPLOYMENT COSTS ON AN ANNUALISED BASIS BY ABOUT $450,000
* CONTANGO ASSET MANAGEMENT - AGREED TO 10% REDUCTION IN DIRECTORS' FEES AND CEO AND MANAGING DIRECTOR'S BASE SALARY WILL BE REDUCED BY ABOUT 16%
* CONTANGO ASSET MANAGEMENT LTD - EXPECTS TO HAVE A MATERIALLY LOWER COST BASE FOR FY 2021
* CONTANGO ASSET MANAGEMENT - AS AT 7 APRIL, CONTANGO HAD FUM OF $524 MILLION WHICH EQUATES TO A FALL OF ABOUT 19%