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    Amaero International (ASX:3DA) announces a board change

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    Amaero International (ASX:3DA) has just announced a change to its board.

    Amaero International is pleased to announce changes to its Board and the completion of thee Board's strategic review of the Company's operations, business development opportunities and allocation of capital.

    As part of the Board renewal, managing partner of US based private equity firm Pegasus Growth Capital and Amaero Non-Executive Director, Mr Hank Holland has been appointed as Executive Chairman with immediate effect.

    Mr David Hanna steps down as Chairman, effective immediately. The Company is pleased to announce will continue on the Board as a Non-Executive Director.

    Ms Kathryn Presser has also resigned from the Board, effective immediately. Ms Presser has been a Non-Executive Director of Amaero International Limited since September 2019 and has also served as Chair of the Audit and Risk Committee. The Board of Amaero would like to thank Ms Presser for her valued contribution.

    Mr Omer Granit, Amaero's US strategic adviser, will be appointed as a Non-Executive Director, subject to all regulatory requirements being completed.

    Shares of Amaero International have fallen 29.600% following the announcement.

    Any change in the make-up of a company?s board can have an impact on a company?s stock price.

    Generally, age-related turnovers and voluntary resignations have a marginal impact on the share price.

    However, when either the Chairman or another board member is ousted, this can have a significant impact on the stock price.

    As the role of the board is to endorse the strategy of the business, changes to the board can have an impact on the strategic direction of the company and therefore it?s future profitability.

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