Ovato Limited announced that Mr. Matthew Bickford-Smith has resigned with immediate effect as a director of the OVT Board following discussions with the majority shareholder. Mr. Terry Sinclair has also tendered his resignation. Following the resignations, the Ovato Board has appointed Mr. Michael Hannan as Chairman. Mr. Hannan holds a wealth of experience in running print, distribution and media services companies through his previous experience as the chairman of IPMG and is a substantial shareholder in Ovato.