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DATACENTRIX HOLDINGS LIMITED - Change to the Board of Directors Appointment of a Director and Change in Function of Directors

Release Date: 03/03/2016 16:00
Code(s): DCT
Wrap Text
Datacentrix Holdings Limited
Incorporated in the Republic of South Africa
(Registration number 1998/006413/06)
Share code: DCT ISIN: ZAE000016051
("Datacentrix" or 'the Company')



CHANGE TO THE BOARD OF DIRECTORS ' APPOINTMENT OF A DIRECTOR AND CHANGE IN FUNCTION OF DIRECTORS
Following the recent finalisation of a mandatory offer to shareholders, as announced on SENS on 11 January 2016, Pinnacle Holdings Limited ('Pinnacle Group') now holds 55.30% of Datacentrix's total voting shares in issue.
As a result of the change in control and in compliance with paragraph 3.59 of the Listings Requirements of JSE Limited, the board of directors of Datacentrix ('the Board') hereby notifies its shareholders of the following changes to the Board, which become effective on 3 March 2016: APPOINTMENT
Mr Henry Ferreira has been appointed as a non-executive director. He is responsible for the new emerging technology businesses and systems integration businesses within the Pinnacle Group.
Mr Ferreira studied Electrical Engineering (Telecommunications) at the Witwatersrand Technikon. He also holds diplomas in Advanced Digital Techniques, Microprocessor Technology, Business Management (Wharton Business School USA), and Financial Management (Babson College USA). Until recently, he has held various executive positions within the Pinnacle Group. He is an industry veteran, with over 30 years' experience in the ICT industry, and is well known in the South African market for his roles as Country General Manager for Hewlett Packard South Africa Proprietary Limited, and as Managing Director of Compaq Africa Proprietary Limited. Prior to joining the Pinnacle Group in February 2012, Mr Ferreira held the position of Country General Manager for Lenovo Africa Proprietary Limited. He has also held senior executive positions with Microsoft Southern Africa, Nokia Networks, Unisys Africa and Hewlett Packard UK and Ireland.
The Board welcomes Mr Ferreira, and looks forward to his contribution to the Company. CHANGES IN FUNCTION
Ms Nolitha Fakude has stepped down from her role as independent non-executive Chairperson to assume the role of Lead Independent Director.
Mr Arnold Fourie, a non-executive director, has assumed the role of non-executive Chairman.
Mr Richard Lyon has stepped down from his role as a non-executive director to assume the role of alternate director to Mr Arnold Fourie. Johannesburg 3 March 2016 Sponsor Merchantec Capital
Date: 03/03/2016 04:00:00 Supplied by www.sharenet.co.za 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.

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