FMR RESOURCES LIMITED — Board/Management Information 2016

Oct 5, 2016

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ASX Announcement 6 October 2016

SENIOR IBM EXECUTIVE JOINS NVOI AS CEO AS PART OF PLANNED TRANSITION

The Board of Nvoi Ltd (ASX: NVO or “Nvoi”) is pleased to advise that as part of a planned executive transition, experienced executive Jennifer Maritz has been appointed Chief Executive Officer (CEO).

Ms Maritz replaces Mr Warwick Kirby, who has held the position of Nvoi CEO for the past 12 months.

During his time as CEO Mr Kirby participated in the listing of the company on the ASX, including raising AUD$8m in support of the transaction, and the successful launch of the Nvoi Platform, including introducing Tier 1 advisory companies as “early adopters”.

Commenting on the transition to a new CEO, Nvoi Chairman, Andrew Dutton said “it was always recognised that as the company transitioned from a build focus pre-launch to a sales and marketing focus post launch, that executive overseeing each stage may need to be different.

“The Board has spent considerable time identifying and evaluating executives suitable to take Nvoi through its next stage of growth, and we are very pleased to have secured Jennifer as our CEO for this exciting period of the Company’s evolution.”

Ms Maritz, who brings more than 25 years of experience in business and the IT sector, joins Nvoi from IBM, where she served as Vice President of its Global Complex Sales Business covering more than 16 countries. Prior to that she has held senior executive positions as the COO of IBM Asia Pacific Global Business Services, and as CFO of IBM Asia Pacific Global Business Outsourcing Business, based in Tokyo.

Jennifer also holds an Honours Degree in Accounting Science, a Bachelor of Commerce degree, and is a Chartered Accountant.

“Jennifer has the talent, passion and professional expertise to guide Nvoi through the coming growth phase. To gain such a talented and successful executive with finance, technology, management and international experience, speaks to the calibre of the Nvoi proposition and to the opportunity ahead.” Mr Dutton added.

“It is a great privilege to take on the role of CEO role as NVOI commences a major disruption of the age-old contingent personnel search and recruitment practices with its newly-released technology platform last month,” said Ms. Maritz.

The Nvoi Platform is a complete ‘workforce-as-a-service’ offering for on-site, non-permanent, white collar professionals, and hiring managers, globally. Nvoi offers a complete Validated-Candidate search, hiring, billing, payment, and management service, with Nvoi standing as the employer-of record in the relationship between Candidate and Hiring Manager.

Ms Maritz will officially commence employment with a remuneration package of $360,000 per annum (gross) a potential annual bonus of up to $60,000 and Long Term Incentive Plan which includes the issuance of 9,000,000 share options with an exercise price of $0.10 each and an expiry date of 5 years from the date of issue of the options. Full details of the options, including vesting conditions, are included in the Notice of Meeting for the Company’s upcoming AGM, where shareholder approval will be sought for their issue.

Nvoi Ltd ACN 107 371 497 Australia Square, Level 33, 264 George Street, Sydney NSW 2000 Website: http://nvoi.com.au/

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For more information, please contact:

David Tasker Professional Public Relations T: 08 9388 0944 / 0433 112 936 E: david.tasker@ppr.com.au

About Nvoi:

Nvoi is a full stack technology Platform, for both businesses and professionals, the stakeholders of the contingent workforce economy. The Nvoi marketplace facilitates the direct engagement between businesses and professionals to engage in on-site work assignment. Nvoi is the employer-of-record managing billing, payroll and workplace compliance, on-hiring professionals to businesses at scale.

For Businesses: The Platform allows Hiring Manager to search for Candidates for assignments, assess validated Candidate profiles, conduct video interviews, and manage the offer and acceptance process with the candidate directly. Nvoi manages the contracts, billing, and payroll as employer-of-record in the transaction. Nvoi provides enterprises a complete contingent workforce platform. As enterprises continue to see their workforce composition change, Nvoi provides a workforce-as-a-service solution to allow them to manage their changing contingent workforce needs.

For Professionals: Nvoi delivers the first global contingent worker management platform, removing the middleman from the process, by directly connecting professionals with hiring managers, at scale. Professional create a profile, validate identity, working rights, skills and experience, and market themselves directly to businesses seeking those skills. As the employer-of-record in each assignment transaction, professionals have one central point to manage active assignments, assignment workflow, payroll, pay slips, and taxation reporting. This delivers professionals with complete control and transparency over their professional working life.

Website: http://nvoi.com.au/

Nvoi Ltd ACN 107 371 497 Australia Square, Level 33, 264 George Street, Sydney NSW 2000 Website: http://nvoi.com.au/