IXUP Limited announced that following the appointment of Mr. Marcus Gracey as an Executive Director on 22 October 2020 the Board has agreed to appoint Mr. Gracey as Managing Director of the Company, effective immediately. Mr. Gracey is an experienced corporate and legal executive with a diverse professional background in technology commercialisation, innovation, law and business with demonstrated experience that spans numerous industries, sectors and countries. Mr. Gracey's previous roles and responsibilities have included regional and global positions in addition to having significant experience as a professional public company director and governance professional. IXUP announce the appointment of Mr. Julian Babarczy as Non-Executive Chairman, following the resignation of Grant Paterson. Mr. Babarczy brings over 20 years finance and investment industry experience to the IXUP Board, having spent almost two-thirds of his career as a key member of the portfolio and leadership team of one of Australia's most successful hedge funds, Regal Funds Management (Regal). Regal has been a long-term shareholder in IXUP. Mr. Babarczy undertook a range of roles during his tenure at Regal, including Analyst & Portfolio Manager and Head of Australian Equities, and was responsible for investments across a range of sectors, in both listed and unlisted companies.