Special Advisory: Mayberry Investments Limited (MIL)

Date: January 02, 2020

Mayberry Investments Limited (MIL) has advised that a connected party purchased 67,596 MIL shares on December 31, 2019.

MIL has also advised that Dr. David McBean resigned from the Board of Directors and the Audit Committee of the Company effective December 13, 2019.  MIL has further advised that Dr. McBean’s resignation from the Audit Committee is not related to any disagreement in respect of accounting principles or practices, financial statement disclosure or any other material issue impacting on the Audit Committee or his ability to properly carry out the functions delegated by the Board.  Following on Dr.  McBean’s resignation, Mr. Walter Scott was appointed to the Audit Committee with effect from December 13, 2019.

MIL has also advised that Mr. Benito Palomino resigned from the Board of Directors and the Audit Committee of the Company effective December 5, 2019. MIL has further advised that Mr. Palomino’s resignation from the Audit Committee is not related to any disagreement in respect of accounting principles or practices, financial statement disclosure or any other material issue impacting on the Audit Committee or his ability to properly carry out the functions delegated by the Board.  Following on Mr. Palomino’s resignation, Mr. Alok Jain was appointed Audit Committee Chair with effect from December 5, 2019.

 

Disclaimer: Analyst Certification -The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer (s) or securities as at the date of this report. Each research analyst (s) also certify that no part of their compensation was, is, or will be, directly or indirectly, related to the specific recommendation (s) or view (s) expressed by that research analyst in this research report.

Company Disclosure -The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may effect transactions or have positions in securities mentioned herein. In addition, employees of Mayberry may have positions and effect transactions in the securities mentioned herein.

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