GRAND PARADE INVESTMENTS LIMITED - Resignation Of Chief Executive Officer And Director Of GPI

Resignation Of Chief Executive Officer And Director Of GPI

GRAND PARADE INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
(Registration Number 1997/003548/06)
Share code: GPL
ISIN: ZAE000119814
(“GPI” or “the Company”

RESIGNATION OF CHIEF EXECUTIVE OFFICER AND DIRECTOR OF GPI

In accordance with paragraph 3.59(b) of the Listings Requirements
of the JSE Limited, Shareholders are hereby advised that
executive director and Chief Executive Officer, Mr Alan Keet,
will be leaving the board of GPI and vacating the position of
Chief Executive Officer, to take up the new role of Chief
Executive Officer of GPI’s Foods division (“Foods Division”) with
effect from 20 March 2017.

Mr Keet was appointed as the Chief Executive Officer of GPI on
10 April 2012. He was assigned operational responsibility for
the Foods division on 1 March 2016, following on the resignation
of the former Chief Executive Officer of Burger King South Africa
(Pty) Ltd, and mandated to build the BURGER KING® franchise
towards profitability.

In the past twelve months Mr Keet has achieved the objectives
that were set for him and has made significant progress in the
establishment of a substantial Foods division which now includes
the Dunkin’ Donuts and Baskin-Robbins QSR brands.

Given the relative size of the Foods division in the GPI
investment portfolio, the GPI board believes it appropriate that
Mr Keet focus entirely on the Foods division going forward.

The GPI board would like to thank Mr Keet for his significant
contribution to the GPI board and the Company, as well as for
repositioning the Foods division in the direction as mandated.
The GPI board wishes him well as he takes up the new challenge.

Cape Town
17 March 2017

Sponsor and corporate adviser:
PSG Capital

Date: 17/03/2017 08:30:00 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.