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SEPHAKU HOLDINGS LIMITED - Proposed changes to the Board of Directors

Release Date: 18/08/2016 11:30
Code(s): SEP     PDF:  
Wrap Text
Proposed changes to the Board of Directors

Sephaku Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number: 2005/003306/06)
Share code: SEP
ISIN: ZAE000138459
(“Sephaku Holdings” or “the Company”)


PROPOSED CHANGES TO THE BOARD OF DIRECTORS


In terms of section 3.59 of the Listings Requirements of the JSE Limited, shareholders are
advised of the following changes to the board of directors of Sephaku Holdings (“the Board”):

Retirement of independent non-executive director

Shareholders are hereby advised that Mr. MG Mahlare, an independent non-executive director,
will retire at the Sephaku Holdings annual general meeting (“AGM”), which is expected to be
held on 22 September 2016.

Mr. MG Mahlare has served on the Board as chairman of the audit and risk committee for three
consecutive terms. In terms of the Sephaku Holdings Memorandum of Incorporation he is not
eligible for re-election. Accordingly Mr. MG Mahlare will resign from the Board and audit
committee with effect from the date of the AGM.

The Board would like to thank Mr. MG Mahlare for his contribution to the Company during his
tenure as an independent non-executive director and chairman of the audit committee and
wishes him well in his future pursuits.

Appointment of independent non-executive director and chairman of the audit and risk
committee

The Board is pleased to announce that Mrs. MJ Janse van Rensburg has been recommended
for appointment as an independent non-executive director of Sephaku Holdings and chairman of
the audit and risk committee.


Mrs. MJ Janse van Rensburg’s appointment will, subject to receipt of the necessary shareholder
approval being received at the AGM, be effective from the date of the AGM.
Mrs. MJ Janse van Rensburg served as Chief Financial Officer and, later, Chief Executive
Officer at the Trans Caledon Tunnel Authority between 1994 and 2008. Subsequent thereto,
she served as a non-executive director for the Bond Exchange of South Africa, the Airports
Company of South Africa, the Johannesburg Water Department and Denel, during which time
she also fulfilled the role of a member or chairman of the respective audit committees. She is
currently a non-executive director of the Development Bank of South Africa and a non-executive
member of the Credit Committee overseeing Africa and India at First National Bank.


The Board welcomes Mrs. MJ Janse van Rensburg to the team.


Centurion
18 August 2016

____________________________________________________________________________
Enquiries contact: Sakhile Ndlovu            Sephaku Holdings             Investor Relations              012 612 0210

Sponsor to Sephaku Holdings: Questco (Pty) Ltd


About Sephaku Holdings Limited

Sephaku Holdings Limited (“SepHold”) is a building and construction materials company with a portfolio of investments in the
cement sector in South Africa. The strategy of SepHold is to generate growth and realise value for shareholders through the
production of cement and ready mixed concrete in Southern Africa. The company’s core investments are a 36% stake in Dangote
Cement South Africa (Pty) Ltd [formerly Sephaku Cement (Pty) Ltd] and 100% in Métier Mixed Concrete (Pty) Ltd.

Date: 18/08/2016 11:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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