June 30, 2023

Ciboney Group Limited (CBNY) has advised that the 72.1122% majority shares in the Company owned by FINSAC Limited and certain affiliated companies have been sold to Wiltshire Consulting and Advisory Limited (Wiltshire). The Agreement was completed on June 29, 2023, and Wiltshire has nominated its wholly owned subsidiary, IEC Energy Company Limited, to hold and own the shares being transferred.

CBNY has also advised that the new majority shareholder requested the resignations of the members of the Board of Directors of the Company and the appointment of a new interim Board. Errol Campbell, Michael Campbell, Tricia Grant Mitchell and Geoffrey Messado therefore ceased to be Directors of the Company with effect from June 29, 2023, and were replaced by Nigel Davy (Chairman), Jennifer Davy, Kyle Davy, Whycliffe Cameron, Conley Salmon, Donald Patterson and Wayne Wray.

CBNY has further advised that Aspiresec Limited replaced Sharon Burke as Company Secretary of the Company on June 29, 2023.

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