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CHROMETCO LIMITED - Changes to the Board of Directors

Release Date: 11/08/2017 08:40
Code(s): CMO     PDF:  
Wrap Text
Changes to the Board of Directors

CHROMETCO LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2002/026265/06)
Share code: CMO
ISIN Code: ZAE000070249
(“Chrometco” or “the Company”)

CHANGES TO THE BOARD OF DIRECTORS

In fulfilling the requirements of the terms of the Transaction
between Grand Slam Enterprise (Proprietary) Limited (“GSE”)
and Chrometco Limited entered into on 24 August 2016, the non-
executive directors of Chrometco agreed to remain in their
respective positions to see through the successful completion
of transaction and until such time as suitable directors had
been identified by GSE to take over the respective positions
on the board. These new appointments were recommended by the
nominations committee and approved by the board by way of a
unanimous vote.

RESIGNATIONS FROM THE BOARD

In compliance with paragraph 3.59(b) of the Listings
Requirements of the JSE Limited, shareholders of the Company
are hereby advised of the following changes to the board of
directors with immediate effect.

Mr JG Scott, Mr IWS Collair, Mr R Rossiter and Mr E Bramley
have resigned as directors to the Company and all subsidiaries
with immediate effect.

The board would like to thank all these directors for their
contribution to the board.

APPOINTMENTS TO THE BOARD

Mr Bhekokuhle Sibiya has been appointed as an independent non-
executive director, chairman of the board and a member of the
Audit committee and Social and Ethics Committee. Mr Sibiya
obtained his MBA from Western Michigan University. He has
served on numerous boards of both listed and unlisted
companies. Mr Sibiya was also CEO of the Chamber of Mines.

Ms Nokuthula Thomas has been appointed as independent non-
executive director, chairman of the Social and Ethics
Committee and a member of the Audit committee. She has almost
20 years working experience in public and media relations,
government and investor relations and corporate communications
across diverse industries, listed and non-listed companies as
well as the education sector. She studied towards BA in
Communications from UNISA. Has a post graduate certificate in
Executive Leadership Programme.

Mr Louis Jordaan CA(SA) has been appointed as an independent
non-executive director, chairman of the Audit Committee and a
member of the Social and Ethics Committee. Mr Jordaan has more
than twenty years’ experience of the highest international
standards in multiple industries and varied organisational
sizes, with a focus on the financial services industry and
emerging markets.

Mr Marcel Naude CA(SA) has been appointed as an executive
director. Mr Naude has worked at KPMG since 2011, within
industries ranging from mining (gold and platinum), oil and
gas and manufacturing. Over this period Mr Naude obtained
significant experience in JSE Listing Requirements, Companies
Act, Financial Reporting and internal controls.


11 August 2017
Johannesburg

Designated Advisor
PSG Capital Proprietary Limited

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