Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On March 20, 2020, the Board of Directors (the "Board") of Gates Industrial Corporation plc (the "Company") appointed Mr. Wilson S. Neely as a director of the Company, effective April 1, 2020. He will stand for election by shareholders at the 2020 Annual General Meeting of Shareholders. The Board has determined that Mr. Neely qualifies as an independent director under the New York Stock Exchange listing standards and the Company's Corporate Governance Guidelines. Mr. Neely will not serve on any committees of the Board at this time. For his service on the Board, Mr. Neely will receive an annual compensation package of $225,000, consisting of $100,000 as an annual cash retainer (payable in quarterly installments in arrears) and $125,000 in value of restricted stock units (payable annually). Restricted stock units will vest in full on the first anniversary of the grant date.

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