Complii FinTech Solutions Ltd. (Complii or the Company) announced that the company has exchanged a Bid Implementation Agreement (BIA) with Registry Direct Limited
(Registry Direct), which sets out the terms on which the Company will offer to acquire all of the fully paid ordinary shares in Registry Direct by way of an off-market, all-scrip takeover (Takeover Offer). The company intends to appoint Mr. Steuart Roe (founder and CEO of Registry Direct) as an executive director to the Complii Board effective on completion of the Proposed Acquisition. Mr. Roe is an experienced business professional with 28 years in the financial services and information technology sectors. He was an early and ongoing participant in exchange-traded funds in Australia, having been responsible for issuing the first of these on the ASX in 2001 and the first active exchange- traded fund in 2005. Steuart has also been responsible for many other first to market financial products on the ASX. Across his career, Steuart has been a proprietary trader, a hedge fund manager, a fund manager and a CEO of an ASX-listed company. Steuart is a former UBS and Citigroup investment banker. Steuart holds a Bachelor of Science degree majoring in mathematics and statistics from the University of Melbourne, a Master of Applied Finance degree from Macquarie University and was a Registered Representative of the Sydney Futures Exchange.