The Board of Directors of SBM Holdings Ltd wishes to inform its shareholders and the public in general that Mr. Andrew Bainbridge, Group CEO of SBM Holdings Ltd, has expressed the wish to retire from Banking after a career spanning more than 3 decades. Andrew will therefore retire from full time work with SBM in August and remain with SBM on a non-executive basis until the end of the year in order to manage a smooth transition. The Board of Directors of SBM Holdings Ltd has initiated the search for his replacement and will provide a further update soon.
By order of the Board
24 June 2019
This Communiqué is issued pursuant to Listing Rule 11.3 and the Securities Act 2005.
The Board of Directors of SBM Holdings Ltd accepts full responsibility for the accuracy of the information contained in this Communiqué.