ASPEN PHARMACARE HOLDINGS LIMITED - Retirement of Mr John Buchanan and appointment of Ms Linda de Beer as an Independent Non-executive Director

Release Date: 23/05/2018 16:00
Code(s): APN
 
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Retirement of Mr John Buchanan and appointment of Ms Linda de Beer as an Independent Non-executive Director

ASPEN PHARMACARE HOLDINGS LIMITED
(Incorporated in the Republic of South Africa) (“Aspen Holdings” or “the Company”)
Registration number: 1985/0002935/06
Share code: APN
ISIN: ZAE000066692
and its subsidiaries (collectively “Aspen” or “the Group”)

Retirement of Mr John Buchanan and appointment of Ms Linda de Beer as an Independent
Non-executive Director and member of the Audit & Risk Committee

Shareholders are referred to the Company’s SENS announcement of 11 December 2017
wherein shareholders were advised that Mr John Buchanan would retire as a director of Aspen
Holdings during the 2018 calendar year. Mr Buchanan has now confirmed that he will retire
with effect from 31 July 2018. The Board wishes to again express its sincere appreciation for
Mr Buchanan’s many years of dedicated service to Aspen as a director and as the chairman of
its Audit & Risk Committee, roles he has performed with distinction since 2002.

In accordance with Section 3.59 of the Listings Requirements of the JSE Limited, the Aspen
Board of Directors (“the Board”) is pleased to announce the appointment of Ms Linda de Beer
as a director of Aspen Holdings and as a member of its Audit & Risk Committee with effect from
31 July 2018.

Linda is a Chartered Accountant (SA) and holds a master’s degree in taxation. She is also a
Chartered Director (SA) and serves as an independent non-executive director on a number of
JSE listed boards including Sasfin Holdings Limited, Royal Bafokeng Platinum Limited and Omnia
Limited. She is the chairman of the audit committees of these boards and also serves on a
number of their other sub-committees. In addition, she advises and trains boards, executives
and prospective JSE sponsors on financial reporting, auditing and corporate governance and is
an Honorary Professor, on a part time basis, at the University of Johannesburg.

Referring to the change in directors, Aspen Holdings chairman, Mr Kuseni Dlamini, said, "The
Aspen Holdings board expresses its deep gratitude for the invaluable service provided by John
for so long. We are delighted to welcome such an astute and distinguished businesswoman as
Linda as a member of the board and the Audit & Risk Committee. She brings to Aspen her in-
depth business, financial, reporting and governance knowledge, as well as significant leadership
experience - we look forward to her contribution to the Group and wish her every success."

Durban
23 May 2018


Sponsor
Investec Bank Limited

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