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PPC LIMITED - Appointment of PPC Board Chairman

Release Date: 24/10/2016 15:19
Code(s): PPC     PDF:  
Wrap Text
Appointment of PPC Board Chairman

PPC Ltd
(Incorporated in the Republic of South Africa)
(Company registration number: 1892/000667/06)
JSE Code: PPC
ISIN: ZAE000170049
("PPC" or the "Company")

APPOINTMENT OF PPC BOARD CHAIRMAN

Shareholders are referred to the results of the annual general meeting announcement
released on SENS on 26 January 2016 and a subsequent announcement released on 30
March 2016, wherein they were advised of the retirement of the Chairman of the PPC
Board (“Board”), Mr Bheki Sibiya, and the subsequent appointment of an interim
Chairman, Mr Peter Nelson.

The Board has now appointed Mr Nelson as the permanent Chairman with effect from 24
October 2016. Having successfully led the Board during the capital raise period,
and given his outstanding performance, the Board believes that Mr Nelson is well
suited to lead the Board and the company on a permanent basis.

Mr Nelson was appointed to the Board as an independent non-executive director on 25
January 2015. His experience covers manufacturing, mining, telecommunications,
healthcare, leisure, property, packaging and the motor industry in listed and
private entities in South Africa, the United Kingdom, Zimbabwe and Nigeria. He has
served as CFO on several Boards including Telkom, Netcare, Mondi and was the
Financial Director of PPC for the period 2000 to 2003.

Sandton
24 October 2016

Sponsor:
Merrill Lynch South Africa (Pty) Ltd

PPC:
Azola Lowan
Tel: +27 (0) 11 386 9000
Azola.Lowan@ppc.co.za

Financial Communications Advisor:
Instinctif Partners

Morne Reinders
Mobile: +27 (0) 82 325 1810
Morne.Reinders@instinctif.com

Louise Fortuin
Mobile: +27 (0) 71 605 4294
Louise.fortuin@instinctif.com

Date: 24/10/2016 03:19:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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