DDH1 Limited announced that the scheme of arrangement pursuant to which Perenti Limited will acquire all the issued shares of DDH1 has now been implemented. With effect from the implementation of the Scheme, Non-Executive Directors, Diane Smith-Gander, Andrea Sutton, Murray Pollock, Alan Broome, and Byron Beath have resigned as directors of DDH1, and Mark Norwell and Peter Bryant have been appointed as directors. Darryl Edwards has resigned as company secretary of DDH1, with Rajiv Ratneser and Justine Passaportis appointed as new company secretaries.

Pursuant to the Scheme Implementation Agreement, Diane Smith-Gander and Andrea Sutton will be appointed to the Perenti Board from the business day immediately after the 2023 Annual General Meeting of Perenti shareholders. That meeting is currently scheduled for 13 October 2023, meaning the appointments are currently expected to take effect on 16 October 2023.