Sharenet Sites 
Sharenet Sites
Changes to the Board – Resignation and Change in Function
TASTE HOLDINGS LIMITED
Incorporated in the Republic of South Africa
(Registration number 2000/002239/06)
Share code: TAS ISIN: ZAE000081162
(“Taste” or “the Company” or “the Group”)
CHANGES TO THE BOARD – RESIGNATION AND CHANGE IN FUNCTION
RESIGNATION OF GROUP CHIEF EXECUTIVE OFFICER, CARLO GONZAGA;
CHANGE IN FUNCTION TO INTERIM GROUP CHIEF EXECUTIVE OFFICER, TYRONE MOODLEY
In accordance with paragraph 3.59 of the JSE Listings Requirements shareholders are advised that Carlo
Gonzaga has tendered notice of his decision to resign from the position of Chief Executive Officer (“CEO”),
effective 12 February 2018. Carlo will remain employed by the Company for a six month period supporting
the new Interim CEO and the board of directors of Taste (“Board”).
The Board is pleased to announce that Tyrone Moodley will change his function from non-executive director
and be appointed to the Group CEO role effective 12 February 2018. Tyrone has been a non-executive
director of Taste since October 2016 and is a senior advisor to Protea Asset Management LLC, the
investment advisor to Riskowitz Value Fund LP (“RVF”). RVF and its affiliates, have been Taste
shareholders since 2010 and recently increased their stake in Taste to 64.5%..
Carlo co-founded the Taste Group with his father, Luigi, and Duncan Crosson (currently an executive
director of Taste) in 2000 with a single pizza outlet in Westville, Durban. Carlo has led the organisation for
18 years and seen it transform from a single franchise brand into a vertically integrated business across
jewellery and food, licensing some of the world’s leading brands in their categories, in addition to owning
their own brands and outlets.
Statement by Carlo Gonzaga
“Despite being a co-founder I have always believed that I am a temporary steward of the Company and that
there would one day come the time to hand over the baton to a set of fresh eyes and legs. Given the recent
changes to the Board and shareholding I am of the view that the time is now. I have worked with Tyrone for
seven years, first as shareholder and more recently as a colleague on the Board and am excited by the
energy and perspective he will bring as a leader. I know that Tyrone is aligned with the Taste values and
principles and I look forward to supporting this transition. It has been a privilege to lead this Group over
nearly two decades and I am humbled by the impact we have been able to make to our communities and
partners. I am looking forward to being a real customer in one of our outlets for the first time. I owe a debt of
gratitude to all those partners that strive to delight our customers every day, as I am to our network partners
that have shared and contributed to our business vision and success.”
Statement by Tyrone Moodley
“I would like to thank Carlo for his many years of dedication and leadership to the Group. Carlo has been a
true steward of all our brands. Under the leadership of the new Board, and with no long term debt, we have a
great opportunity to optimise the long-term value of the Taste business. We are custodians of some of the
world’s leading brands that have achieved tremendous success in many markets around the world. We have
access to resources and talent necessary to ensure the Company can realise the inherent long-term
potential of our leading brands.”
Johannesburg
12 February 2018
Sponsor
Merchantec Capital
Date: 12/02/2018 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.
