Terragen Holdings Limited announced the appointment of Mr. Scobie Ward as a non-executive Director of the company. As previously announced on 8 June 2023, following Shareholder approval and the issue of the ordinary shares (Tranche 2 Placement Shares) under tranche 2 of the placement (Placement), Mr. Scobie Ward has now joined the Terragen Board as a Non-Executive Director. Mr. Ward was an early investor in Terragen, holding shares in the Company prior to its IPO in 2019.

Since the Company has listed on the ASX, Mr. Ward has increased his interest and is now the larger shareholder of Terragen with an interest of approximately 33.3% following the issue of 83,333,340 Tranche 2 Placement Shares on 7 September 2023. Mr. Ward has a strong academic background, graduating cum laude with a BA from Harvard University in 1989 and holding a CFA charter. Mr. Ward brings a wealth of experience, having over 30 years of investment management experience focusing on smaller listed companies.

Mr. Ward was also the co-founder and executive chairman of the investment firm Ward Ferry Management. Appointment date: 7 September 2023.