TOUCH VENTURES LIMITED — Board/Management Information 2024

Mar 10, 2024

11 March 2024

ASX ANNOUNCEMENT

Touch Ventures Limited: CEO Update

Touch Ventures Limited (“Touch Ventures”, ASX:TVL) announces that CEO, Hein Vogel, will cease employment with the Company to pursue other opportunities.

After four and a half years of service, Hein and the Board of Directors have reached a consensus on his departure from the position as CEO of Touch Ventures, effective on or around 29 March 2024.

Hein Vogel, CEO of Touch Ventures, said: “ I believe that now is a good time for me to move on to my next challenge and allow Touch Ventures to continue to evolve with the recent emergence of a new significant shareholder in Gannet Capital which is represented on the Touch Board by Glenn Poswell. I wish the board and the team all the best. ”

Mike Jefferies, Chair of Touch Ventures, said: “ Hein played a key role in listing the Company and establishing its investment portfolio since he joined in late 2019. He helped navigate the Company through the significant adverse market adjustments occurring in the tech sector in recent years. We wish him all the best in his future endeavours.”

The Company is continuing the process of reviewing its investment strategy and structure and expects to be in a position to provide an update at the Annual General Meeting to be scheduled for early May 2024.

-Ends

This announcement has been authorised for release to the ASX by the Touch Ventures Board of Directors.

About Touch Ventures

Touch Ventures Limited ( Touch Ventures ) is an ASX-listed investment holding company. We provide growth capital to high growth, scalable businesses.

Touch Ventures is an internally managed vehicle and has broad flexibility as to how it deploys capital. Touch Ventures' investment strategy is to deploy capital towards high growth, scalable investment opportunities in post revenue and late stage companies. We invest across a diverse range of sectors and industries including retail innovation, e-commerce enablement, finance/fintech, consumer, B2B software and data.

Touch Ventures listed on the ASX on 29 September 2021.

Contact details

For further information, please visit our investor website https://investors.touchventures.com or contact Investor Relations at investors@touchventures.com .