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TOTAL CLIENT SERVICES LIMITED - Update to the Change to the Board of Directors

Release Date: 24/06/2016 15:50
Code(s): TCS     PDF:  
Wrap Text
Update to the Change to the Board of Directors

Total Client Services Limited
Incorporated in the Republic of South Africa
(Registration number 1998/025018/06)
Share code: TCS ISIN: ZAE000116208
(“TCS”)


UPDATE TO THE CHANGE TO THE BOARD OF DIRECTORS


Following the announcements released on SENS on 31 December 2015, 29 February 2016 and 16 May 2016,
the board of directors of TCS (“the Board”) hereby notifies its shareholders that the process to find a suitable
replacement for Mr Lindikhaya Sipoyo has not yet been concluded. Mr Sipoyo will continue to fulfil his duties as
Executive Director and Chief Executive Officer in order to ensure a seamless transition and allow the Board
additional time to find a suitable replacement. The parties have therefore agreed to extend the aforementioned
process, the conclusion of which is expected by 30 November 2016.

Shareholders will be advised once an appointment has been made.


Centurion
24 June 2016

Designated Adviser
Merchantec Capital

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