GetSwift Appoints Stan Pierre-Louis to Board of Directors as Non-Executive, Independent Chair

  • Brings Extensive Commercial and Governance Experience

NEW YORK–(BUSINESS WIRE)–lt;a href=”https://twitter.com/search?q=%24GSW&src=ctag” target=”_blank”gt;$GSWlt;/agt; lt;a href=”https://twitter.com/hashtag/delivery?src=hash” target=”_blank”gt;#deliverylt;/agt;–GetSwift Limited (ASX: GSW) (‘GetSwift’ or the ‘Company’), a
leading provider of SaaS logistics technology, today announced the
appointment of Stanley Pierre-Louis to the GetSwift Board of Directors
as Non-Executive, Independent Chair. Mr. Pierre-Louis brings over 23
years of experience leading, advising and governing private and public
companies with a particular focus on technology and intellectual
property issues.

“I am honoured to join GetSwift’s Board of Directors as Non-Executive,
Independent Chair. GetSwift has grown to become a sizable organization
with offices in the North America, Europe and Australia over the last
three years and is an exciting public company with a world class
executive team,” Mr. Pierre-Louis said. “The market opportunity for its
business units is large and growing with significant runway. I look
forward to working with Bane, Joel and the rest of the Board to focus on
growing the top line aggressively, while maintaining best-in-class
corporate governance practices and creating significant long-term value
for all shareholders.”

Bane Hunter, Chief Executive Officer and Executive Director said, “Stan
is in a league of his own. He has tremendous commercial and governance
experience particularly in the technology and digital arenas. His
counsel and commercial experience will be a strong addition to the
Board. We are thrilled to add such an accomplished professional to the
lead a majority independent Board. We look forward to working together
to continue growing GetSwift over the coming years for the benefit of
all shareholders.”

Mr. Pierre-Louis currently serves as Chief Executive Officer of the
Entertainment Software Association (ESA) based in Washington, D.C. ESA
is dedicated to serving the business and public affairs needs of
companies that publish computer and video games for the Internet,
personal computers, consoles, and handheld devices. He previously served
as Senior Vice President and General Counsel of ESA. Prior to joining
ESA, Mr. Pierre-Louis served as Senior Vice President and Associate
General Counsel for Intellectual Property at Viacom. Mr. Pierre-Louis
has served on governing boards and advisory councils for non-profit
organisations and educational institutions.

Once Mr. Pierre-Louis’s appointments take effect the Board will continue
to have a majority of independent directors.

Annexure: Proposed equity grant

Subject to receiving shareholder approval, GetSwift proposes to issue an
aggregate 600,000 options to subscribe for one fully paid ordinary share
each in the capital of the Company (Options).

These Options are intended to be offered to Mr. Pierre-Louis or his
associates, consistent with US market practice for emerging growth
companies and consistent with the previous options awards made to
Non-Executive Directors.

In accordance with commentary in the ASX Corporate Governance Council
Principles and Recommendations, these securities issued to non-executive
directors will not have performance hurdles. Further, they will not vest
if the recipient ceases to be a director of the Company.

The Options will be granted no later than 1 month following shareholder
approval, with an exercise price for each Option being the 30-day VWAP
for shares in the Company immediately prior to the grant date.

Over 3 years, the Options will vest in equal quarterly installments, but
they may only vest if at the time of the applicable vesting the
recipient is still a director of the Company. The Options expire 10
years after their issue date.

Adjustments to numbers of options and exercise price are only as
permitted under ASX Listing Rules. If the shares resulting from the
exercise of the options are issued and not transferred, the Company will
immediately apply for quotation of the shares. The Option terms will
include acceleration of vesting for change of control or liquidity
events. Options are not transferable prior to vesting, other than to
estate planning vehicles. At the request of the Option holder and
subject to all applicable law, options may be net exercised.

About GetSwift Limited
Technology to Optimise Global
Delivery Logistics

GetSwift is a worldwide leader in delivery management automation. From
enterprise to hyper-local, businesses across dozens of industries around
the globe depend on our SaaS platform to bring visibility,
accountability, efficiency and savings to their supply chain and “Last
Mile” operations. GetSwift is headquartered in New York City and is
listed on the Australian Securities Exchange (ASX:GSW). For further
background, please visit GetSwift.co.

Contacts

Media enquiries:
John Jannarone:
jjannarone@getswift.co

Investor enquiries:
investors@getswift.co

Company Secretary:
Sophie Karzis:
skarzis@getswift.co
+61
3 8622 3351

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