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Credit Clear Limited (ASX:CCR)

ALERT: Price-sensitive ASX Announcement for CCR
Current share price for CCR : $0.120 0.01 (9.09%)+
Announcement
Release
19 Aug 2026 9:38AM
Price at Release
$0.110
Full Release
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Summary
Credit Clear Limited announced significant executive changes, with Mr. Joshua Reid being appointed as the Managing Director of Credit Clear and interim Chief Executive Officer of ARMA Group Holdings Pty Ltd, effective from 1 September 2026. This appointment comes with a revised remuneration package, including a total fixed remuneration of $517,500 per annum, which includes an additional $100,000 above the previously announced amount, reflecting changes in roles and responsibilities. The equity component of his remuneration includes shares vesting over the next few years, subject to shareholder approval. The company expresses gratitude to Andrew Smith for his leadership as Chief Executive Officer and anticipates his ongoing contribution as a Non-Executive Director. The announcement was authorized for release by the Board of Credit Clear Limited.
Key Points
  • Mr. Joshua Reid appointed as Managing Director of Credit Clear and interim CEO of ARMA Group Holdings.
  • Effective date of appointment is 1 September 2026.
  • Total fixed remuneration set at $517,500 per annum.
  • Additional $100,000 remuneration reflects new roles and responsibilities.
  • Equity component includes shares vesting in 2027, 2028, and 2029.
  • Andrew Smith transitions to Non-Executive Director role.
  • Board of Credit Clear Limited authorized the announcement.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.