Shareholders of Atlantic Leaf Properties Limited (Atlantic Leaf Shareholders) announced that on 22 May 2020, Atlantic Leaf entered into an implementation agreement (the Implementation Agreement) with South Downs Investment LP (the Offeror). Atlantic Leaf's other existing non-executive directors, namely, Peter Bacon or Charles Butler (as the case may be), Laurence Rapp, Cleopatra Folkes, Nicholas Winearls and Rudolf Pretorius will resign as directors of Atlantic Leaf with effect from the Effective Date.