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KAYDAV GROUP LIMITED - Changes to the board of directors

Release Date: 29/07/2015 12:10
Code(s): KDV     PDF:  
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Changes to the board of directors

KAYDAV GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2006/038698/06)
JSE code: KDV ISIN: ZAE000108940
(“KayDav” or “the Group” or “the Company”)


CHANGES TO THE BOARD OF DIRECTORS


The Company wishes to advise that independent non-executive director, Jonathan Hertz, has resigned from
KayDav’s board of directors (“the Board”) with effect from 31 July 2015, due to increased demands on his
time from his various other responsibilities.

The Board wishes to thank Jonathan, who was also chairman of the Board’s audit and risk committee and
the remuneration committee, for more than seven years of committed service to the Group during which his
insights and guidance assisted the Group in negotiating difficult economic conditions while establishing a
healthy and solid business. We wish him well for the future.

KayDav is delighted to announce the appointment of another high calibre individual to fill the vacancy left
by Jonathan’s resignation. Shane van Niekerk has been appointed as independent non-executive director
with effect from 1 August 2015. Shane has impressive operational and governance experience gained
particularly from his 27 year career at Mr Price Group from 1983 to 2010. During this time he held various
positions including the positions of Chief Operations Officer and Joint Managing Director while serving on
Mr Price Group Limited’s board as executive director from 2003 until his retirement in 2010. He is currently
Chief Executive Officer of Pure Pharmacy Holdings, a group owning and managing a chain of community
pharmacies.

We welcome Shane to the Board and look forward to working with him.

Due to Jonathan’s resignation, Boitumelo Tlhabanelo, an independent non-executive director and chartered
accountant, has been appointed as chairman of the Board’s audit and risk committee with effect from
1 August 2015, while Shane will chair the remuneration committee also with effect from 1 August 2015.

29 July 2015


Sponsor
Java Capital

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