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Changes to board of directors and committees
Imbalie Beauty Limited
(Incorporated in the Republic of South Africa)
(Registration number 2003/025374/06)
JSE code: ILE
ISIN: ZAE000165239
("Imbalie Beauty” or “the Company")
Changes to board of directors and committees
Shareholders are referred to the various SENS announcements regarding the change of control
and the Mandatory offer made by B&B Media (Pty) Ltd (“B&B Media”) to Imbalie Beauty
shareholders. As a consequence of the above and in compliance with paragraph 3.59 of the JSE
Listings Requirements, shareholders are advised of certain changes to the board of directors of
Imbalie Beauty (“the Board”) and its committees.
The following members of the Board have resigned, effective 25 April 2022, after the Mandatory
offer closes:
• Wessel Petrus van der Merwe
• Theo Johan Schoeman
• Gary David Harlow
• Jack Howard Phalane
Esna Colyn will remain as Chief Executive Officer of Imbalie Beauty.
The following individuals are to be appointed to the Board and sub-committees with effect from
25 April 2022:
• Talib Sadik CA(SA); AMP (Insead), is appointed as independent Chairman of the Company
and member of the Audit and Risk Committee. Talib is an executive turnaround and growth
specialist in the listed and public sectors including advance manufacturing, infrastructure,
mining, media, private equity and black empowerment, developed and emerging markets,
complex public/private stakeholders. His career achievements include growing and turning
around companies through implementing structural and operational reforms in both listed
and unlisted companies. He is currently a non-executive director of two private companies
and previously held non-executive positions on various listed companies.
• Paul-Alexandre Inbona MBA (Insead), DPECF-DECF (Degrees in Accountancy and
Financial studies in France), Msc in Engineering, is appointed as independent non-executive
director of the Company and Chairman of the Audit and Risk Committee. Paul currently
provides management and financial consulting to clients in Africa focusing on business-wide
restructuring, process optimisation, private equity and governance. He has worked at and
consulted to many companies locally as well as internationally including ERG, Black Rhino
Group (Blackstone), Glencore, Metorex Group, Gemini Consulting, Wasteman Group and
Arthur Andersen. In addition, he served on the boards of several companies including
Katanga Mining Ltd in 2012 and 2013, when it was listed on the Toronto Stock Exchange.
• Aboobaker (Abie) Cassim CA (SA), is appointed as Financial Director of the Company. Abie
has been the financial manager of B&B Media for the past five years and has extensive
experience in all facets of financial management, financial analysis and reporting. He
completed his articles at PricewaterhouseCoopers Inc. and previously worked for ABSA
Bank, Deloitte and FirstRand Bank.
The Imbalie Beauty Board thanks the outgoing Board members for their valuable contribution and
wish the new Board members well in their new positions.
25 March 2022
Woodmead
Designated adviser
Exchange Sponsors
Date: 25-03-2022 09:17:00
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