Ecsponent Limited advised that Terence Gregory will step down as Chief Executive Officer on 31 December 2019 and that the current Financial Director, Dirk van der Merwe, had been appointed to succeed him. Ecsponent is in the process of appointing a new Financial Director, which appointment is expected to be finalised by 31 March 2020. Until such appointment has been finalised, Dirk van der Merwe will remain as the Financial Director and George Manyere will assume the role of acting CEO.

It is noted to shareholders that Terence has resigned from the Board as a director with effect from 31 December 2019 and will not take up a position as non-executive director as formerly reported.