Ann: Appendix 4C - quarterly, page-112

I'm assuming you know that Ananda has a full time role as head of Armada Capital - a very small boutique firm based in Perth - and that his focus and skillset is about helping companies RTO / list - as well as act as an intermediary in cap raises

He's sat on a number of boards post RTO - this is always a time-limited role - as for him its out with the old and in with the new

Clearly BUD is long past listing + BUD has established Bell Potter as its key partner in cap raises - so its time for Ananda to move on

Nothing to see here folks - move on