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PPC - Pretoria Portland Cement - Changes to the board of directors

Release Date: 02/03/2012 13:30
Code(s): PPC
Wrap Text

PPC - Pretoria Portland Cement - Changes to the board of directors PRETORIA PORTLAND CEMENT COMPANY LIMITED Incorporated in the Republic of South Africa (Registration number 1892/000667/06) ("PPC" or "the company") JSE code: PPC ISIN code: ZAE000005559 CHANGES TO THE BOARD OF DIRECTORS Mr Sydney Mhlarhi: The board of directors of Pretoria Portland Cement Company Limited ("PPC") is pleased to announce the appointment of Mr Sydney Mhlarhi to the board of directors with effect from 1 March 2012. Mr Mhlarhi has been appointed as a non-executive director of PPC as a representative of the PPC consortium of strategic black partners and as a member the deal committee and the remuneration committee of the board. Mr Mhlarhi is a founder and director of Tamela Holdings (Pty) Ltd and has over 14 years` experience in investment banking. He is a chartered accountant and completed his accounting articles at Ernst & Young in 1997. Mr Mhlarhi is a member of the South African Institute of Chartered Accountants` Education & Examinations committee and a director of PPC`s strategic black partners consortium and FLSmidth Roymec (Proprietary) Limited. He was a member of the Securities Regulation Panel (2004 - 2006). The board believes that Mr Mhlarhi`s experience and qualifications will add significantly to the board`s deliberations. Mr Jerry Vilakazi: Mr Jerry Vilakazi, whose three year term as a representative of the PPC consortium of strategic black partners ended on 1 March 2012, has retired from the board. The board would like to thank Mr Vilakazi for his valuable contribution to the company during the past three years. Ms Bridgette Modise: Ms Bridgette Modise who was appointed to the board and to the audit committee in December 2010 has been appointed to the Risk and Compliance committee from 1 March 2012. Sandton 2 March 2012 Sponsor: Merrill Lynch SA (Pty) limited Date: 02/03/2012 13:30:05 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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