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Sharenet Sites
Change to the board of directors
Adcorp Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1974/001804/06)
Share code: ADR & ISIN: ZAE000000139
(“Adcorp”)
CHANGE TO THE BOARD OF DIRECTORS
Shareholders are referred to the announcement issued on SENS on 31 October 2016 in which it
was stated that the current Chief Financial Officer (“CFO”), Mr Anthony Sher, is leaving as a
director and employee of Adcorp. In compliance with the Listings Requirements of the JSE
Limited, shareholders are advised that Mr Sher will resign as a director and employee of Adcorp
with immediate effect. The process of recruiting a replacement CFO has already begun and we
hope to conclude this expeditiously.
In the interim, Mr Lionel Wilson CA(SA) is appointed as the acting CFO for Adcorp. Mr Wilson was
employed at Barnard Jacobs Mellet Holdings Limited for 14 years holding various senior executive
roles, including that of Executive Director for Finances and Chief Operating Officer. He
subsequently held the position of CFO at Kelly Group Limited for three years and has been
employed at Adcorp for the last two years, after the acquisition of Kelly Group Limited by Adcorp,
as Chief Risk Officer and financial manager of the shared services division.
Bryanston
31 January 2017
Sponsor: Deloitte & Touche Sponsor Services Proprietary Limited
Date: 31/01/2017 03:03:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
