Octodec Investments Limited announced that Shareholders and noteholders are advised that Anabel Vieira will be retiring from the position of executive financial director of Octodec. Pursuant to the succession plan of the board of directors, Anabel's successor, Riaan Erasmus, who has been employed by City Property Administration (Pty) Ltd, Octodec's asset and property manager,
since January 2022, will take up the role of executive financial director of Octodec following Anabel's retirement. Riaan is part of the team dedicated to the financial affairs of Octodec within the City Property finance department. He is responsible for overseeing the team and plays an integral role in the financial reporting and treasury management of Octodec, as well as assisting and supporting Anabel where necessary. Riaan graduated from the University of Northwest and qualified as a Chartered Accountant (South Africa) in 2008 after completing his articles with KPMG South Africa. He has extensive experience serving as an executive director, having previously held the positions of group financial manager, treasury manager and later, debt officer and financial director of Hospitality Property Fund Limited, a real estate investment trust (REIT) that was listed on the JSE until 2021. In addition, Riaan served as the group treasurer managing the debt portfolio and other treasury-related transactions for the Tsogo Sun and Southern Sun group of companies from 2017 until 2022. The board is confident in Riaan's ability to seamlessly transition into this new role, providing the necessary expertise and continuity required by Octodec. In order to ensure a smooth hand-over of the finance function and successful completion of the company's financial year-end processes, Anabel's retirement and Riaan's subsequent appointment will be effective from the date of publication of Octodec's audited financial statements for the year ended 31 August 2024, which are expected to be released during December 2024 ("the effective date").