This announcement makes it more likely CTL will get an offer soon from SAP. You have been warned!
1 Press Release 19 August 2005 Notification of Resignation of Citect Board Member (Sydney, Australia) – Citect Corporation Limited (“Citect”; ASX: CTL), advises that Geraldine McBride, CEO and Managing Director of SAP, Australia and New Zealand, has resigned from the Citect Board of Directors, due to a conflict of interest arisen from the recent acquisition of a Citect competitor by SAP. Her resignation is effective immediately. ### End ### About Citect Citect is the leading, independent global provider of industrial automation, real-time intelligence, and next generation manufacturing execution systems (MES). In terms of both revenue and market share, Citect is one of the top 5 multinational technology companies in Australia and works with over 85% of leading Australian manufacturers. It is listed on the ASX under “CTL”. Leveraging open technologies, CitectHMI/SCADA and CitectIIM connect to multiple plant and business systems. Our products are complemented by professional services, customer support and training, and sold in numerous industries including mining, metals, food and beverage, manufacturing, facilities, water, gas pipelines, power distribution and pharmaceuticals. Citect is headquartered in Sydney Australia, has 15 offices in Oceania, South-East Asia, China and Japan, North and South America, Europe, Africa and the Middle-East, and its products are distributed in more than 50 countries worldwide. Please visit http://www.citect.com. For more information please contact: David Mortimer Chairman Citect Corporation Ltd Tel: 61 2 9496 7300 Fax: 61 2 9496 7399 Email: [email protected]
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