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RENERGEN LIMITED - Changes to the Board Resignation of a Director and Appointment of Directors

Release Date: 25/11/2015 15:57
Code(s): REN     PDF:  
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Changes to the Board – Resignation of a Director and Appointment of Directors

RENERGEN LIMITED
Incorporated in the Republic of South Africa
(formerly Dominica Trade Proprietary Limited)
(Registration number: 2014/195093/06)
Share code: REN ISIN: ZAE000202610
(“RENERGEN” or “the Company”)


CHANGES TO THE BOARD – RESIGNATION OF A DIRECTOR AND APPOINTMENT OF DIRECTORS


Shareholders are referred to the ‘Results of General Meeting’ announcement released on SENS today,
25 November 2015, wherein shareholders were advised that the acquisition by RENERGEN of 90% of the
issued share capital in and claims against of Molopo South Africa Exploration and Production Proprietary
Limited (“Molopo”) from Windfall Energy Proprietary Limited (the “Acquisition”) had been approved.

Consequently, in compliance with paragraph 3.59 of the Listings Requirements of JSE Limited, shareholders
are hereby advised that, with immediate effect:
-   Mr Clive Angel has resigned as an executive director and Financial Director of the Company having
    served his term which terminates upon the approval of the Acquisition;
-   Ms Fulu Ravele CA(SA) has been appointed as Financial Director of the Company; and
-   Mr Nick Mitchell has been appointed as an executive director of the Company and Chief Operating
    Officer.

The board of directors of RENERGEN (“Board”) wishes to thank Mr Angel for his valued contributions during
his tenure as Financial Director of the Company.

Ms Ravele, who completed her articles at Deloitte in 2012, held a position at Barclays Capital prior to her
appointment as Financial Director of Molopo in July 2015

Mr Mitchell, who was instrumental in the acquisition of Molopo from Molopo Energy Limited in May 2013
subsequently developed and implemented Molopo’s vertically integrated business plan. Moreover, Mr
Mitchell has extensive experience in infrastructure projects across the continent and has an extensive
network of contacts in territories such as Cote D’Ivoire, the Democratic Republic of Congo and Mozambique,
which the Board believes will assist RENERGEN in developing its growth strategy.


25 November 2015
Johannesburg


Designated Adviser
Merchantec Capital

Date: 25/11/2015 03:57:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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