Astoria Investments Limited announced that Lourens Geldenhuys has resigned as a non-executive director of the company with effect from 31 January 2016. Accordingly, the board further announced the appointment of Peter Todd as non-executive director of the company in place of Geldenhuys. Todd's appointment will come into effect upon completion of the necessary formalities.

Todd has many years experience as an advisor and consultant across numerous jurisdictions. He has and continues to serve on the boards of a number of listed companies.