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ILV - Illovo Sugar Limited - Changes in Directorate

Release Date: 19/07/2011 16:20
Code(s): ILV
Wrap Text

ILV - Illovo Sugar Limited - Changes in Directorate ILLOVO SUGAR LIMITED (Incorporated in the Republic of South Africa) (Registration number 1906/000622/06) Share Code: ILV ISIN: ZAE000083846 ("Illovo" or "the Company") CHANGES IN DIRECTORATE In compliance with paragraph 3.59(b) of the Listings Requirements of the JSE Limited, notice is hereby given of the following changes to the board of directors of Illovo: Retirement of Chairman Mr Robert Albert (Robbie) Williams having attained the age of 70, has retired as a non-executive, independent director and Chairman of Illovo. In paying tribute to Mr Williams at the 96th Annual General Meeting (AGM), held earlier in the day, the Deputy Chairman, Mr Don MacLeod noted that Mr Williams was retiring at the AGM after serving as a non-executive director for 26 years and as Chairman for 14 years. Mr MacLeod thanked Mr Williams for his valuable contribution to Illovo, particularly recording that Mr Williams had been part of all the major changes which had taken place within the Illovo group over the long period of time that he had been a member of the Illovo board, during which period, Illovo`s profile had changed from being only a South African-based business into a truly African business with operations in South Africa, Swaziland, Mozambique, Malawi, Zambia and Tanzania. Appointment of Chairman As was announced on SENS on 23 March 2011, Mr Donald Gordon (Don) MacLeod, previously the Deputy Chairman, has succeeded Mr Williams as Chairman of the company. Lead Independent Director As also announced on SENS on 23 March 2011, as Mr MacLeod retired as chief executive of Illovo on 1 April 2009, and therefore a period of three years has not elapsed prior to his appointment as Chairman, in compliance with paragraph 3.84(c) of the Listings Requirements and in accordance with the King Code of Governance for South Africa 2009 (King III), Mr Michael John (Mike) Hankinson has taken-up his appointment as lead independent director of the company with immediate effect. Mount Edgecombe 19 July 2011 Sponsor J.P. Morgan Equities Limited Date: 19/07/2011 16:20:01 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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