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CVN - Convergenet Holdings Limited - Resignation of director

Release Date: 05/04/2012 07:05
Code(s): CVN
Wrap Text

CVN - Convergenet Holdings Limited - Resignation of director CONVERGENET HOLDINGS LIMITED Incorporated in the Republic of South Africa (Registration number 1998/015580/06) Share code: CVN ISIN: ZAE000102067 ("ConvergeNet" or "the company") RESIGNATION OF DIRECTOR In terms of paragraph 3.59(b) of the JSE Limited Listings Requirements, shareholders are advised that Mr Mpho Scott, the lead independent director of the company, has resigned with effect from 2 April 2012. This resignation comes as a result of the changes occurring within the Company with respect to the change in control as included in the offer circular prepared by the offeror dated 19 March 2012 as well as due to an increase in work schedule pressures that Mr Scott is experiencing. The company wishes to thank Mr Scott for the wealth of experience and contacts he has brought to the company over his tenure and wish him the best in his future endeavours. The company will address the appointment of a new lead independent director in due course to ensure compliance with King III and the JSE Limited`s Listings Requirements. Johannesburg 4 April 2012 Sponsors Arcay Moela Sponsors (Pty) Ltd Date: 05/04/2012 07:05:09 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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