Calibre announces board changes

Calibre announces board changes

Calibre Group Limited ("Calibre"), today announced changes to the Calibre board of directors following Jupiter Civil Pty Ltd as trustee for The Jupiter Unit Trust ABN 47 305 680 941 (Jupiter’s) successful off-market takeover bid to acquire Calibre ordinary shares.

John Paul O’Connor and David O’Connor, both directors of Jupiter, have been appointed to the Calibre Board as Executive Directors.

Over the week, Non-Executive Directors Geoff Tomlinson (former Chairman), Dod Wales, Ray Munro and Graham Smith, have each resigned.

New Calibre Board Chair, David O’Connor commented “I’d like to thank all former Non-Executive Directors for their service and contribution to the Calibre board. I wish them well in their future endeavours.”

Peter Massey continues as Managing Director and Chief Executive Officer. Mr O’Connor said that “Peter’s continued leadership of the executive and management team and extensive business insights will be invaluable as we advance a clear strategy in the resources, infrastructure and residential sectors.”

“I’d like to welcome Craig Allen, Calibre’s Group Chief Financial Officer and Charlie Haire, Diona’s Executive General Manager, to the Calibre board as Executive Directors,” he said.

“Renewal of the Calibre board will help ensure that Calibre delivers on its vision to be Australia and New Zealand’s most respected employee driven engineering and utilities services partner.”

Calibre received notification from Jupiter on 14 February 2019 advising that its voting power in Calibre had increased to 90.1%, with Jupiter intending to commence the compulsory acquisition of the remaining shares not already held before 31 March 2019.

ENDS

INVESTOR AND MEDIA CONTACT:

Craig Allen

Calibre Group Limited

enquiries@calibregroup.com | +61 422 009 143


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