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

OAKBAY RESOURCES AND ENERGY LIMITED - Changes to the board

Release Date: 31/07/2015 16:49
Code(s): ORL     PDF:  
Wrap Text
Changes to the board

Oakbay Resources and Energy Limited
(Incorporated in the Republic of South Africa)
Registration number: 2009/021537/06
Share code: ORL
ISIN: ZAE000196085
(“Company”)


CHANGES TO THE BOARD OF DIRECTORS


The Board is pleased to announce the appointment of Mr. Varun Gupta as the Chief
Executive Officer of the Company with effect from 1 September 2015. Mr Varun
Gupta (BEng Elec, MBA) was previously the Chief Operating Officer of Shiva
Uranium since April 2010 and will remain an executive director of the Company.

Mr. Varun Gupta succeeds Mr. George van der Merwe, who has resigned (effective
31 August 2015) in order to pursue other business interests. As part of the
Company’s succession plan for the Chief Executive Officer, both Mr. Varun Gupta
and Mr. George van der Merwe shall utilise the August notice period to ensure a
seamless integration of the incoming Chief Executive Officer.

Mr. Varun Gupta played an integral role in the acquisition of the Shiva Uranium mine
in 2010, and oversaw the successful turnaround of the mine from a state of care and
maintenance into an operating concern.

The Board wishes to thank Mr. George van der Merwe for his efforts over the past
five years and wish him well in his future role.


31 July 2015

Sponsor
Sasfin Capital (a division of Sasfin Bank Limited)

Date: 31/07/2015 04:49:00 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