ERD
10/11/2015 09:04
OFFICE
NOT PRICE SENSITIVE
REL: 0904 HRS EROAD Limited
OFFICE: ERD: Announcement Regarding the Change in Senior Manager
ANNOUNCEMENT REGARDING THE CHANGE IN SENIOR MANAGER UNDER RULE 10.6.1
10 NOVEMBER 2015
LISTING RULE 10.6.1 - CHANGE IN SENIOR MANAGER AT EROAD
For the purposes of Listing Rule 10.6.1, EROAD Limited (EROAD) notifies NZX
that Peter Batcheler is resigning from his role as Executive Vice President -
Global Sales, effective from 10 November 2015.
Mr Batcheler remains a supportive shareholder of EROAD and has personally
committed to extend the escrow arrangements he entered into at the time of
EROAD's IPO so that following release of escrow on 27 November 2015 over 10%
of the shares he held at the time of IPO, SW Trust Services (Twelve) Limited
(a trustee for a trust associated with Mr Batcheler) will not dispose of one
third of the remaining shares it holds until 1 April 2016, a further one
third of the remaining shares until 1 October 2016 and the final one third of
the remaining shares until 1 April 2017.
The Board wishes to thank Mr Batcheler for his work at EROAD.
ENDS
Contact: Steven Newman, Chief Executive Officer on +64 9 9274713. For more
information about EROAD visit our website www.eroad.com
End CA:00273105 For:ERD Type:OFFICE Time:2015-11-10 09:04:02
