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SOV - Sovereign Food Investments Limited - Changes to the board of directors

Release Date: 18/05/2012 07:06
Code(s): SOV
Wrap Text

SOV - Sovereign Food Investments Limited - Changes to the board of directors SOVEREIGN FOOD INVESTMENTS LIMITED Incorporated in the Republic of South Africa Registration Number 1995/003990/06 JSE Code: SOV ISIN Number: ZAE000009221 ("Sovereign" or "the Company") CHANGES TO THE BOARD OF DIRECTORS In accordance with paragraph 3.59 of the JSE Limited Listings Requirements ("Listings Requirements") the board of directors of Sovereign ("Board") advises the Company`s shareholders ("Shareholders") that Chris Coombes, who currently holds the position of Chief Financial Officer of the Company, has been appointed as Chief Executive Officer with effect from 1 June 2012. Charles Davies, who has held the position of Executive Chairman of Sovereign since 30 September 2011, will resume the position of independent Non-executive Chairman with effect from 1 June 2012. In addition, Litha Nyhonyha, who has held the position of Lead Independent Director of the Company since 30 September 2011, will resume the position of independent Non-executive Director with effect from 1 June 2012. The Board wishes to thank Charles and Litha for their contribution whilst in these positions. The Board is aware of the Listings Requirements in respect of the appointment of an Executive Financial Director and will update Shareholders as and when a suitable candidate has been appointed. Port Elizabeth 18 May 2012 Sponsor One Capital Date: 18/05/2012 07:06:02 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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