SPPL · SIMPPLE Ltd. Ordinary Shares

Summary

SIMPPLE Ltd.'s subsidiary IFSC Pte Ltd entered a Share Sale Deed on February 6, 2026, to sell 100% of SIMPPLE Australia Pty Ltd to two employees, with completion on the same date, terminating the Parent Company Guarantee and removing SIMPPLE Australia from the group. Norman Schroeder resigned as CEO and Director effective January 31, 2026, for a leadership role at SIMPPLE Australia, and Daryl Pat was appointed Acting CEO effective March 25, 2026.

Key takeaways

• IFSC Pte Ltd sold 100% issued share capital of SIMPPLE Australia on February 6, 2026
• Purchasers are two employees of SIMPPLE Australia
• Parent Company Guarantee by SIMPPLE Ltd. terminated upon transaction completion
• Norman Schroeder resigned as CEO and Director effective January 31, 2026
• Resignation due to leadership role at SIMPPLE Australia
• Daryl Pat appointed Acting CEO effective March 25, 2026