The board of directors of Conduit Capital announced, with effect from 9 October 2017: Messrs Gavin Toet and Tyrone Moodley have resigned as executive directors. Gavin and Tyrone will remain as Senior Executives within the Group, and continue to fulfill their current duties; Mr. David Harpur has resigned as an independent non-executive director. In order for the Constantia group of companies, being the Group's insurance operations, to benefit from David's knowledge and expertise, he will be appointed to various boards within Constantia. David's vast experience in the insurance industry spans more than four decades. The Board looks forward to David's continued contributions to the Group; Mr. Barry Scott has resigned as an independent non-executive director; Mr. Leo Chih Hao Chou has been appointed as a non-executive director. Leo is the executive chairperson of Sygma Investment & Consulting Proprietary Limited (Sygma); William N. Thorndike Jr. has been appointed as an independent non-executive director. He is also Senior Advisor to Brahman Capital. Will, who has served as a trustee of various non-profit organizations and a director of over 30 companies, is currently a director of Lincoln Peak Holdings LLC and QMC International LLC, and the chairperson of the board of directors of Consol Energy Incorporated.