Pacific Current Group transaction and resignation announcement

Pacific Current Group Limited (ASX: $PAC) has completed the transaction with GQG Partners Inc as announced on 15 March 2024. The transaction involved the sale of three portfolio assets and the externalisation of the management of the remaining assets to GQG. Following the approval at the Extraordinary General Meeting on 18 April 2024, the company and GQG finalized the details of the management agreement. As a result of the transaction, Paul Greenwood has resigned from his positions as Managing Director, CEO & CIO.

Executive Commentary on Transaction and Resignation

The PAC Board acknowledges the significant contribution of Paul Greenwood during his tenure with PAC. His roles as Managing Director, CEO, and CIO have seen substantial enhancements in the management of the business, financial reporting, and corporate strategy. Additionally, his leadership as CIO resulted in successful investments, transforming the portfolio and delivering exceptional returns. The Board expresses gratitude to the executive team and the entire PAC team for their dedication and outstanding leadership. We anticipate continued collaboration with Paul and the departing team members in their new roles with GQG.

Summary of Pacific Current Group Announcement

Pacific Current Group (ASX: $PAC) has finalized the transaction with GQG Partners Inc, involving the sale of three portfolio assets and the externalisation of management of the remaining assets. Following shareholder approval, Paul Greenwood has resigned from his positions as Managing Director, CEO & CIO. The Board acknowledges his significant contributions and the exceptional performance of the executive team and the entire PAC team. Pacific Current Group looks forward to continued collaboration with the departing team members in their new roles with GQG.