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DGC - DigiCore - Changes in function of Directors

Release Date: 24/06/2011 15:31
Code(s): DGC
Wrap Text

DGC - DigiCore - Changes in function of Directors DIGICORE HOLDINGS LIMITED Incorporated in the Republic of South Africa (Registration number: 1998/012601/06) Share Code: DGC ISIN Number: ZAE000016945 ("DigiCore" or "the Company" "the Group") CHANGES IN FUNCTION OF DIRECTORS In accordance with rule 3.59(c) of the Listings Requirements of the JSE Limited, shareholders of the Company are hereby advised of the following changes to the functions of directors serving on the board, with effect from 1 July 2011. Mr. Nick Vlok ("Nick") will retire as Chief Executive Officer of DigiCore on 30 June 2011, and will assume the role of Non-Executive Chairman on 1 July 2011. Nick leaves a prosperous legacy behind, under his leadership the future of the Group looks very bright. Nick has continuously expanded Ctrack`s footprint in the Vehicle Recovery market and other product divisions, and has set the pace for telematics solutions, with partners such as Discovery, and has continued to develop "intelligent technology solutions" for the industry. The board thanks Nick for his dedicated service over the last 14 years and for leading DigiCore to the successful group it is today. He will be remembered for his "go-getter" attitude and strong ethical values. The board has appointed Mr. Barney Esterhuyzen ("Barney") as Chief Executive Officer from 1 July 2011. Barney initially joined the board of DigiCore in 2005 as Non-Executive director. In 2010 he assumed an executive role as Group Managing director. Barney comes with a wealth of experience and the board wishes him well in his new role. The board wishes to thank Mr. Nhlanhla Gasa for his dedicated service as Chairman of DigiCore over the past 6 years. He will remain on the board as an Non-Executive director and will fulfill the role of Lead Independent director as required by the JSE Limited and recommended by King III from 1 July 2011. 24 June 2011 Sponsor PSG Capital Date: 24/06/2011 15:31:01 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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