On April 15, 2014, Nictus Limited announced that Mr. Wilmar Fourie has resigned from his position as Financial Director of the Group, to henceforth exclusively focus on his executive role in Nictus Holdings Limited. The board of directors of Nictus announced the appointment of Mr. Frank- Michael Theart as Financial Director of the Group, with effect from April 15, 2014. Mr. Theart joined the Group in 2011 and held the position of Chief Financial Officer at Corporate Guarantee (South Africa) Limited.