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Change to the Board of Directors - BICS
AB FINCO 1 (RF) LIMITED
(Incorporated in South Africa with limited liability under registration number 2007/033844/06
Bond Issuer Code: BICS
(“AB Finco 1” or the “issuer”)
Change to the Board of Directors
In compliance with paragraph 6.39 of the JSE Limited Debt Listings Requirements, noteholders are herewith advised of
the following changes to the board of directors (the “Board”) of AB Finco 1 (RF) Limited.
Appointment
Messrs Stewart Cameron Adams (“Stewart”) and Nicholas Russell Clarke (“Nick”) have been appointed as independent
non-executive directors to the board of AB Finco 1, effective 22 September 2023. Stewart and Nick are both also
appointed to the Audit Committee and the Social and Ethics Committee.
Stewart joined TMF B.V. Group (“TMF") in 2021 and is currently the Market Head for MEA for TMF Corporate Services
(South Africa) (Pty) Ltd (“TMF South Africa”). He has over 25 years of experience in consulting and financial services in
Europe, the Americas, Asia and the Middle East. In summary, his experience covers asset management, asset servicing,
consulting, company incorporation, tax and trust structuring and he has a background in accounting, taxation and
corporate services.
Nick joined TMF Corporate Services (South Africa) (Pty) Ltd (“TMF South Africa”) in 2015 and is currently the Managing
Director of TMF South Africa. He actively sits as a non-executive director on other Securitisation and Structured Issuer
SPV’s in the market His skills also include experience in Financial Management, Risk Management, Change
Management and Project Management. He holds a B Comm (Financial Accounting) qualification as well as an ACCA
(Association of Chartered Certified Accountants).
The board congratulates Stewart and Nick on their appointments and looks forward to their contribution.
Resignation
In compliance with paragraph 6.39 of the JSE Limited Debt Listings Requirements, AB Finco 1 (RF) Limited wishes
further to notify noteholders that Miss Rishendrie Thanthony and Mr Jonathan Neil Wheeler have resigned as directors
from the Board, effective 22 September 2023, in line with good corporate governance principles where long standing
directors rotate to allow for the appointment of new directors.
22 September 2023
Debt Sponsor
Absa Corporate and Investment Bank, a division of Absa Bank Limited
Date: 22-09-2023 04:00:00
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