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UBU - Ububele Holdings Limited - Changes to the Board of Directors

Release Date: 09/06/2011 16:16
Code(s): UBU
Wrap Text

UBU - Ububele Holdings Limited - Changes to the Board of Directors Ububele Holdings Limited Incorporated in the Republic of South Africa (Registration number: 1998/011074/06) Share code: UBU ISIN Code: ZAE000144739 ("Ububele" or "the Company") CHANGES TO THE BOARD OF DIRECTORS In accordance with rule 3.59 of the Listings Requirements of the JSE Limited, shareholders of the Company are hereby advised of the following changes to the board of directors of Ububele with effect from today, 9 June 2011: The designation of Mr. Theo Kleinhans, currently executive chairman of the Company, will change to non-executive chairman.* The designation of Mr. Bertie Cloete, currently financial director of the Company, will change to chief executive officer.* Ms. Elana Kruger has been appointed as the new financial director of the Company. Ms. Michelle Krastanov has been appointed as independent non-executive director and chairman of the audit and risk committee of the Company. *In order to maintain continuity and as part of the succession planning of the Company, the handover of executive responsibilities by Mr Theo Kleinhans to Mr Bertie Cloete will take place over a 1 year transitional period. The board welcomes the new appointees and look forward to the valued contributions of each of the mentioned parties. 9 June 2011 Designated Adviser PSG Capital (Pty) Limited Date: 09/06/2011 16:16:00 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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