On 17 April 2015 the Board announced that, at the conclusion of the Annual General Meeting to be held on 29 July 2015, it was intended that Nick Salmon would be appointed as Chairman of the company. However, after further consideration of the time commitments required in addition to his other directorships, Nick now believes that he is unable to provide fully the additional time and level of involvement required as Chairman of Acal as it pursues its international growth strategy. Consequently, Nick has decided to step down from the Board with effect from 30 June 2015.

At the request of the Board, Richard Moon has agreed to continue as Chairman of the Company. The Board intends to appoint new non-executive Directors in due course.