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Changes to the Board
Sherbourne Capital Limited
(Previously IFCA Technologies Limited)
Incorporated in the Republic of South Africa
(Registration number 2006/030759/06)
Share code: SHB (Suspended)
("Sherbourne" or “the Company”)
CHANGES TO THE BOARD
In compliance with paragraph 3.59 of the JSE Listings Requirements, Sherbourne Capital Limited, hereby
notifies shareholders that Mr Johnathan P.S. Bangura has been appointed as a Director and the new
chief executive officer of Sherbourne Capital Limited effective 8 April 2013. Johnathan is a veteran
banker with over 20 years work experience in the United States banking and financial services industry,
where he has served in the management of a number of multinational banks, financial services
companies and other reputable institutions. These include The Riggs National Bank Corporation, Fleet
Bank Services Corporation, New York States Government Department of Civil Service, The Phillip Morris
Company, Canadian Imperial Bank of Commerce, J P Morgan Chase Bank, United States Department of
Treasury and Barclays Capital Plc. Most recently, he was chief financial officer for EcoBank Group
Corporate Bank. Mr. Bangura holds the degrees: Bachelor of Arts in Economics (BA’91); Bachelor of
Science in Finance (BS’91), and Master of Banking & Finance (MBA’93) from the American University,
Washington, DC a Master of Arts in Economics (MA’97) and a Ph.D. from Syracuse University, New York,
USA. The board welcomes Johnathan and looks forward to the valuable experience that he will bring to
the business.
Mr Sagie van Niekerk has resigned, with immediate effect, as a Director and the chief executive officer
of Sherbourne Capital Limited in order to pursue a new career opportunity. The board thanks Sagie for
his valuable contribution and wishes him well with his professional pursuits.
Sandton
8 April 2013
Designated Adviser: Bridge Capital Advisors (Pty) Ltd
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