To view the PDF file, sign up for a MySharenet subscription.

GRAND PARADE INVESTMENTS LIMITED - Changes to the board of directors

Release Date: 30/01/2015 17:00
Code(s): GPL     PDF:  
Wrap Text
Changes to the board of directors

Grand Parade Investments Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1997/003548/06)
Share code: GPL
ISIN: ZAE000119814
(“GPI” or “the company”)

CHANGE TO BOARD OF DIRECTORS OF GPI

In compliance with rule 3.59(b) of the Listings Requirements
of the JSE Limited, shareholders of GPI are hereby advised
that Mr. Anthony Bedford will resign as non-executive director
of the Company with effect from 1 February 2015.

Mr. Bedford, having recently turned 60 years of age, has
decided to retire from office after having served as a
director of the company for some 17 years. During this time he
also served as chairman, and more recently as a member, of the
company’s Remuneration and Nomination Committee. The board
would like to thank Mr. Bedford for his invaluable
contributions during his tenure and wishes him well in his
retirement and future endeavours.

CHANGES TO THE BOARD OF DIRECTORS OF A MAJOR SUBSIDIARY

Shareholders are furthermore advised that Mr. Alex Abercrombie
will resign as executive chairman of GPI Slots Proprietary
Limited (“GPI Slots”) and the GPI Slots subsidiary companies
with effect from 27 February 2015. Mr. Abercrombie will
continue as a director of GPI in a non-executive capacity.

The board would like to thank Mr. Abercrombie for his
significant contribution to the growth of the Slots Group and
looks forward to his continued contribution as non-executive
director of GPI.

Shareholders are furthermore advised that Mr. Dylan Pienaar
will resign as executive director of GPI Slots and the GPI
Slots subsidiary companies with immediate effect. Mr. Pienaar
will remain interim Finance Director of GPI.

The resignations of Messrs. Abercrombie and Pienaar from their
respective GPI Slots roles, are consequential to the
implementation of the agreements in terms of which Sun
International Limited (through its wholly owned subsidiary Sun
International (South Africa) Limited) acquired a material stake
in GPI Slots.

30 January 2015
Cape Town
Sponsor: PSG Capital (Pty) Limited

Date: 30/01/2015 05:00:00 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.

Share This Story