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OAKBAY RESOURCES AND ENERGY LIMITED - Changes to the Board of Directors

Release Date: 15/03/2017 12:45
Code(s): ORL     PDF:  
Wrap Text
Changes to the Board of Directors

Oakbay Resources and Energy Limited
(Incorporated in the Republic of South Africa)
Registration number: 2009/021537/06
Share code: ORL
ISIN: ZAE000196085
(“Company” or “Oakbay Resources”)


CHANGES TO THE BOARD OF DIRECTORS


In accordance with paragraph 3.59 of the Listings Requirements, shareholders are hereby 
informed that Mr. Jacques Roux has resigned as the Chief Executive Officer of the Company 
with effect from 31 March 2017. The Board wishes to thank Mr. Roux for his valuable 
contribution to the Company and wishes him well in his future endeavours.

Oakbay Resources is pleased to announce the appointment of Mr. George van der Merwe as 
the acting Chief Executive Officer of the Company with effect from 1 April 2017. Mr. van 
der Merwe previously held this position until August 2015 and has returned to the Company 
as its Chief Executive Officer once more. Mr. van der Merwe brings a wealth of experience 
to the Company and the Board looks forward to his valuable contribution. In line with the 
Company’s succession plan for the Chief Executive Officer, both Mr. Roux and Mr. van der 
Merwe shall utilise the March notice period to ensure a seamless transition and handover 
of responsibilities. 

Further to the above, shareholders are advised that Ms. Melanie Chong, the interim 
Financial Director of the Company, has now been appointed in this position in a permanent 
capacity. 


Johannesburg
15 March 2017
Sponsors and Corporate Advisors:
River Group





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