The Board of Sabien announced that David Bakst has resigned his role as Managing Director (non-Board) of the Sabien operating company and will leave the employment of the Company by mutual agreement on 31 May 2020. As the majority of Sabien staff are currently on Covid19 furlough, David's departure will have no immediate impact on business operations. Pending a full return to normal working after the current lockdown, Sabien Executive Chairman, Richard Parris, will undertake the day-to-day management of the operating business. It is likely that the Company will continue to work with David Bakst from time-to-time on special projects.