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POYNTING HOLDINGS LIMITED - Changes to the Board of Directors Resignation of Executive Director and Appointment of Non-Executive Director

Release Date: 24/10/2014 12:00
Code(s): POY     PDF:  
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Changes to the Board of Directors – Resignation of Executive Director and Appointment of Non-Executive Director

POYNTING HOLDINGS LIMITED
Incorporated in the Republic of South Africa
(Registration number 1997/011142/06)
Share code: POY ISIN: ZAE000121299
(“Poynting” or “the Company” or “the Group”)


CHANGES TO THE BOARD OF DIRECTORS – RESIGNATION OF EXECUTIVE DIRECTOR AND
APPOINTMENT OF NON-EXECUTIVE DIRECTOR


In compliance with paragraph 3.59 of the Listings Requirements of JSE Limited, the board of directors of
Poynting (“the Board”) hereby notifies its shareholders that Dries Mellet has resigned as an Executive
Director with immediate effect. Dries will however, continue to serve the Group in the capacity of Chief
Operating Officer.

Furthermore, the Board hereby notifies shareholders that Nico de Waal has been appointed as a Non-
Executive Director with immediate effect, and he will also join the Group’s Audit and Risk Committee. Nico’s
appointment as a Non-Executive Director will facilitate Poynting’s endeavours to align the composition of the
Board with the principles of King III.

Nico holds a B.Eng (Mech) Cum Laude degree from the University of Stellenbosch and a MBA from IESE
Business School of the University of Navarre (Spain). Nico began his career as an engineer with Baker
Hughes Inc. (USA) in Scotland and the Middle East in the oil and gas exploration industry (1998-2000). He
then specialised in strategy and operations work as a management consultant at McKinsey & Co. (2001-
2007) and at SAB Miller (2008-2010). Nico joined the PSG Group in 2011 and is currently the Chief
Executive Officer of PSG Private Equity.



Johannesburg
24 October 2014


Designated Adviser
Merchantec Capital

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