On 12 October 2023, Trifast announced via the regulatory news service that Claire Balmforth (Non-Executive Director and Chair of the Remuneration Committee) had informed the Company that she intended to retire from Board on 31 December 2023.  The Company has commenced a search to recruit a suitable replacement NED, however his process is not likely to complete before the end of 2023. Consequently, Ms. Balmforth has agreed to remain on the Trifast Board until such time as an appointment is made and, there has been a sufficient handover period effected.