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OAKBAY RESOURCES AND ENERGY LIMITED - Resignation of Independent Non-Executive Director

Release Date: 12/05/2017 10:24
Code(s): ORL     PDF:  
Wrap Text
Resignation of Independent Non-Executive Director

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")


RESIGNATION OF INDEPENDENT NON-EXECUTIVE DIRECTOR 


In compliance with paragraph 3.59 of the Listings Requirements, Oakbay Resources 
regrets to announce that Mr. Mark Pamensky; an independent non-executive 
director; chairman of the Audit Committee and member of the Company's Risk; 
Nomination; Social, Ethics and Remuneration committees; has tendered his 
resignation with effect from 10 June 2017. 

The Board of Directors, in conjunction with the Nomination Committee, shall 
immediately commence the process of appointing an independent non-executive 
director to fill the vacancy that has arisen as a result of Mr. Pamensky's resignation; 
and shareholders will be advised accordingly in this regard. 

The Board of Directors would like to express their sincere thanks and gratitude to Mr. 
Pamensky for his hard work and valuable contribution to the Company.

Johannesburg

12 May 2017

Sponsors and Corporate Advisors:

River Group



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