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WEA - Wearne - Changes to the Board of Directors

Release Date: 01/03/2012 16:24
Code(s): WEA
Wrap Text

WEA - Wearne - Changes to the Board of Directors WG WEARNE LIMITED (Incorporated in the Republic of South Africa) (Registration number 1994/005983/06) JSE code: WEA ISIN: ZAE000078002 ("Wearne" or "the company") CHANGES TO THE BOARD OF DIRECTORS Following a meeting of the Board of Directors of Wearne ("the board") on 29 February 2012, the board hereby announces the following changes to its composition as required in terms of section 3.59 of the JSE Listings Requirements: Mr John Wearne (currently the executive chairman) will assume the role of Chief Executive Officer. Mr Mitesh Patel, the lead independent non-executive director and currently the Chairman of the Audit Committee, will assume the role of Chairman of the Board and Mr Mfanyana Salanje, currently a non-executive director, is appointed as Chairman of the Audit Committee. Mr Wessel van der Merwe is appointed to the Remuneration Committee and to the Social and Ethics Committee. Other members appointed to the Social and Ethics Committee is Mr John Wearne (CEO) and Mr Marius Bierman (CFO). Randburg 1 March 2012 Designated Adviser Vunani Corporate Finance Date: 01/03/2012 16:24:02 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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