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PUTPROP LIMITED - Change to the Board of Directors Retirement of Chairman and Resignation of Director

Release Date: 02/02/2015 14:35
Code(s): PPR     PDF:  
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Change to the Board of Directors – Retirement of Chairman and Resignation of Director

PUTPROP LIMITED
Incorporated in the Republic of South Africa
(Registration number 1988/001085/06)
Share code: PPR ISIN: ZAE000072310
(“Putprop” or “the Company”)


CHANGE TO THE BOARD OF DIRECTORS – RETIREMENT OF CHAIRMAN AND RESIGNATION OF DIRECTOR



In compliance with paragraph 3.59 of the Listings Requirements of JSE Limited, the board of directors of
Putprop (“the Board”) hereby notifies its shareholders of:

   *   the retirement of Mr Andrew Adrian as independent non-executive chairman with immediate effect;
       and

   *   the resignation of Mr Paolo Senatore as independent non-executive director with effect from
       2 March 2015.

The Board thanks Andrew and Paolo for their valuable contribution to the Company over the past 10 years
and wishes them well in their future endeavours.

Furthermore, shareholders are advised that Mr Johann Van Zyl has been appointed as acting chairman until
a full-time replacement is appointed. The process of replacing the independent non-executive directors is
already underway and the appointments are expected be announced on SENS within the next two weeks.

Johannesburg
2 February 2015

Sponsor
Merchantec Capital

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