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Novae Group CFO to depart

Novae GroupPlc CFO Charles Fry will step down from the role with effect fromOct. 31 and will leave the company's board with immediate effect.

Chief Risk Officer Reeken Patel will serve as interim CFO, althoughhe will not join the company's board. Patel is also a director of

Fry joined Novae's board in April 2013.