Invicta Holdings Limited announced that Mr. Anthony Sinclair, who has been employed by Invicta on a one year rolling contract since passing the official retirement age of 65, will be retiring as an executive director with effect from 31 July 2023. Anthony will be retained as a consultant to the Company responsible for specific projects that Invicta is currently exploring and/or undertaking. Mr. Gavin Pelser, who has been employed by the Company on a fixed term contract for the past three years, has agreed to extend his contract of employment until 31 March 2023 and will retire as an executive director with effect from that date.

Gavin will be retained to consult to the Company post his retirement to help grow its operations offshore, specifically with regards to Bearing Man Group China.