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HUG - Huge Group Limited - Restrucuture of the board of directors

Release Date: 08/10/2010 09:49
Code(s): HUG
Wrap Text

HUG - Huge Group Limited - Restrucuture of the board of directors HUGE GROUP LIMITED (Registration number 2006/023587/06) Share code: HUG ISIN: ZAE000102042 ("Huge" or "the Group" or "the company") RESTRUCUTURE OF THE BOARD OF DIRECTORS In compliance with paragraph 3.59 of the Listings Requirements of the JSE Limited and in line with recent changes introduced in King III, the company wishes to announce the following changes to the board of directors of Huge: 1 Mr A Potgieter has handed over the position of chairman with effect from 6 October 2010. He will remain as an executive director of the board of Huge and as Managing Director of Huge Media. 2 Mr S Tredoux has changed his role from a non-executive director to become the non-executive Chairman of the Group with effect from 6 October 2010. 3 As previously announced, Mrs M Meth will be resigning as the financial director of Huge, which resignation will be with effect from 22 October 2010, to take up a senior post with another company. 4 Mr J Herbst will be acting as interim financial director whilst the company secures a new full time financial director. 5 Mr K Jarvis will remain as lead independent director of Huge. Johannesburg 08 October 2010 Designated Advisor Arcay Moela Sponsors (Proprietary) Limited Date: 08/10/2010 09:49:04 Supplied by www.sharenet.co.za 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.

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