Reverse Corp. Limited announced that Mr. Stephen Jermyn will not seek re-election to the Board of directors at the company's AGM on 26 October 2017 and will retire at the conclusion of the 2017 AGM. Mr. Jermyn has been a non-executive director of the company since October 2005. With the retirement of Mr. Jermyn, the Board has undertaken a review of the size, skills and composition of the Board and feels that the benefit of securing an additional independent director is likely to be of limited additional value and not warranted by the associated costs.