Following the Smart Parking Limited's announcement on 17th May and the subsequent investor call the Company would like to update the market on recent events. As announced on 17th May, the Board of SPZ terminated the employment of the Company's UK Managing Director and CFO on 15th May upon being made aware of conduct that was considered inconsistent with the company's values and policies and in breach of their employment contracts. SPZ's Group CEO and Managing Director, Paul Gillespie, has assumed the role of UK Managing Director on an interim basis and will remain in the role until a suitable replacement is found.