Flying Brands Ltd. as announced on 31 August 2012, Tim Trotter has stepped down as Chairman of the company with effect from 23 January 2013 and Paul Davidson has been appointed as acting Chairman. It has been agreed that Stephen Cook will work out his notice period of 6 months as Chief Executive and the composition of the Board will be reviewed further when the future direction of the company has been resolved. The company is continuing with discussions about the future of Retreat Farm and will keep shareholders informed of progress.