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HUG - Huge Group Limited - Appointment of financial director to the board of

Release Date: 01/07/2011 16:43
Code(s): HUG
Wrap Text

HUG - Huge Group Limited - Appointment of financial director to the board of directors HUGE GROUP LIMITED (Registration number 2006/023587/06) Share code: HUG ISIN: ZAE000102042 ("Huge" or "the company") APPOINTMENT OF FINANCIAL DIRECTOR TO THE BOARD OF DIRECTORS In compliance with paragraph 3.59 of the Listings Requirements of the JSE Limited, the board of directors of Huge are pleased to announce the following appointment. With effect from 1 August 2011, Mr Neil Brian Wensley will be appointed to the board of directors as executive financial director. Neil is 48 years old. He has a B.Compt (Hons) degree and after completing accounting articles in Durban with David Strachan & Taylor, he worked in the financial field in textiles (with Mooi River Textiles) and for various listed and private manufacturing groups in the engineering industry (with the Haggie Group). Neil has a vast experience: as a financial manager, group internal auditor, corporate financial manager, financial director and financial executive. He also has private company board experience through his current employer Maksal Tubes Proprietary Limited which acquired the operations of the Maksal division of a Haggie Group company in a 1998 management buy-out with Gold Circle Metals and RMB Ventures Limited. Neil joined other RMB Ventures non-executive directors on the board of Maksal, and gained further experience as a result of his involvement in the buy-out of the RMB Ventures share of the company in a second management buy-out that took place in 2003. Neil has been with Maksal for the last 11 years and brings with him a "hands on" range of experience. Woodmead 1 July 2011 Designated Advisor Arcay Moela Sponsors (Pty) Limited Date: 01/07/2011 16:43:01 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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