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Huge - portfolio update and changes to the board
Shareholders were advised that, following the successful implementation of a portfolio-wide productivity and efficiency enhancement initiative, the workforce of Huge Connect (Pty) Ltd. (Huge Connect), Huge Platforms (Pty) Ltd. (Huge Platforms), and Huge TNS (Pty) Ltd. (Huge TNS), being Portfolio Investment Companies of Huge Group, were recently amalgamated (the Amalgamation). This initiative focused on right-sizing these workforces to align with current business and economic conditions. Separation agreements were concluded with employees who were affected by this process.
In accordance with the transitional roadmap defined by the board of directors, the role of Chief Operating Officer, which has been held by Zak van de Merwe since 2021, has been made redundant as he will be assuming the role of Chief Commercial Officer, replacing Tamryn van Tonder, who has resigned.
Shareholders were advised that, following the appointment of Chantal Human as Chief Financial Officer, Rachelle Douglas as Chief Reporting Officer and Zak van de Merwe as Chief Commercial Officer of Huge Group, Chantal Human and Rachelle Douglas have been appointed to the board of directors of the Company with effect from 1 September 2025, while Zak van de Merwe remains a director. Furthermore, shareholders were advised that Tamryn van Tonder has resigned as a director of the Company with effect from 31 August 2025.
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