Credit Clear Limited announced the following changes to the board of directors. The Company announced that Paul Dwyer will be appointed as Chairman of the Board from 1 March 2023. Paul was appointed as a non-executive Director in September 2022 and has demonstrated his commitment and efforts to support the growth and governance of the Company as well as building his personal shareholding.

As the co-founder and Deputy Chairman of PSC Insurance, Paul brings an extensive knowledge and network of the insurance industry, having grown PSC Insurance into a global provider in multiple markets. Paul's broader governance, business-building and transaction experience is highly valued and well-aligned with the Company's strategic growth objectives. The Company is pleased to advise that Hugh Robertson, will continue to serve as a non-executive Director of the Company.

Hugh joined the Board of Credit Clear in September 2021, and his leadership has been instrumental in building and transitioning the business, the Board and the executive team through the acquisition of ARMA Group Holdings (ARMA) and its highly successful integration into Credit Clear. Having achieved his leadership objectives in positioning the Company for its next phase of growth, the Board is very pleased to be retaining Hugh's contribution that is drawn from his capital markets, business and board experience as well as his extensive investor network. CEO and major shareholder Andrew Smith joined the Board as an Executive Director in February 2022, having previously served as CEO for ARMA, the business he co-founded and grew into a highly successful and profitable receivable collections business, that Credit Clear subsequently acquired in January 2022.

Following the completion of the twelve-month earn-out period and Andrew's strong performance as CEO and Executive Director, including exceeding the ARMA earn-out performance threshold, the Board is pleased to appoint him as Managing Director pursuant to the Company's constitution effective 1 March 2023. The Board confirms that there are no changes to Andrew Smith's remuneration consequent to his appointment as Managing Director.