According to announcements released on SENS on 5 June 2019 and 2 January 2020, wherein the Company advised Peter Saungweme would assume the dual role of interim Chief Executive Officer ("CEO") and Chief Financial Officer ("CFO"). The board of directors of Arden Capital announced that Saungweme has been appointed as CEO of the Company with effect from 9 November 2020. The JSE has granted Arden Capital a dispensation to allow Peter Saungweme to assume the dual role of both CEO and CFO until 31 October 2021, whereafter the JSE must be consulted should an extension be required.