Retirement of Alan Cameron
30 April 2019
Sydney – BuildingIQ, Inc. (ASX: BIQ) a tech-enabled services business, today announced that its long-serving Chairman, Mr. Alan Cameron AO, intends to retire from the Board on 30 June, 2019. Alan joined the Board in June 2015, and has served four years as Non-executive Chairman. He has also been Chair of the Nomination Committee and a Member of the Audit & Risk Management Committee and Remuneration Committee. On behalf of the Board, Michael Nark thanked Mr. Cameron for his guidance and oversight of the Company as it pursued its listing on the Australian Securities Exchange and since then, as it has pursued global growth. A new Chair will be appointed before 30 June, 2019.
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BuildingIQ (ASX: BIQ) helps building owners and operators worldwide lower energy use, increase building operations efficiency and enhance tenant comfort. The Company’s 5i cloud-based platform and Managed Services deliver on the promise of Internet of Things (IoT) for buildings. More than 125M square feet of building space is currently under management with BuildingIQ.www.buildingIQ.com
Foreign Ownership Restrictions
BuildingIQ’s CHESS Depositary Interests (CDIs) are issued in reliance on the exemption from registration contained in Regulation S of the US Securities Act of 1933 (Securities Act) for offers or sales which are made outside the US. Accordingly, the CDIs have not been, and will not be, registered under the Securities Act or the laws of any state or other jurisdiction in the US. The holders of BuildingIQ’s CDIs are unable to sell the CDIs into the US or to a US person unless the re-sale of the CDIs is registered under the Securities Act or an exemption is available. To enforce the above transfer restrictions, all CDIs issued bear a ‘FOR US’ designation on the ASX. This designation restricts any CDIs from being sold on ASX to US persons. In addition, hedging transactions with regard to the CDIs may only be conducted in accordance with the Securities Act.