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WESIZWE PLATINUM LIMITED - CHANGES TO THE BOARD OF DIRECTORS & RESULTS OF THE ANNUAL GENERAL MEETING

Release Date: 19/07/2012 16:45
Code(s): WEZ
Wrap Text
WESIZWE PLATINUM LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2003/020161/06)
JSE code: WEZ ISIN: ZAE000075859
(the "Company" or "Wesizwe")


CHANGES TO THE BOARD OF DIRECTORS


1. In accordance with 3.59(b) of the Listings Requirements of the
JSE Limited, shareholders are hereby informed of the following
changes to the Board of Directors of Wesizwe ('the Board'):
1.1 the resignation of Professor Robert Garnett as an independent
non-executive director of the Company with effect from 19
July 2012. The Board would like to thank Professor Robert
Garnett for his valuable contribution and wishes him well
with his endeavours in pursuing his academic interests in
developing the next generation of accountants; and
1.2 the resignation of Mr. Qiyin (James) Zhang as a non-executive
director of the Company with effect from 19 July 2012. The
Board would like to thank Mr. James Zhang for his
contribution and wishes him well for his future. RESULTS OF THE ANNUAL GENERAL MEETING
2. Shareholders are advised that at the annual general meeting
held earlier today, all resolutions were passed with the requisite majority with the exception of:
2.1 ordinary resolution number 1 relating to the re-election of
Mr. Mlibo Mgudlwa as non-executive director of the Company;
2.2 ordinary resolution numbers 5 and 15 which resolutions was
withdrawn as a result of the resignation of Professor Garnett as per paragraph 1.1 above; and
2.3 ordinary resolution number 11 which was withdrawn as a result
of the resignation of Mr. Zhang as per paragraph 1.2 above.
In light of the Board Evaluation completed earlier this year and
the subsequent recommendation that the Board be reduced, the above
vacancies will be reviewed by the Board and should any new
appointments be made, same will be duly communicated to shareholders. Johannesburg 19 July 2012 Sponsor: PSG Capital Proprietary Limited
Date: 19/07/2012 04:45:00 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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