AFRICAN PHOENIX INVESTMENTS LIMITED - Change to the Board of Directors Appointment of Financial Director

Release Date: 29/05/2018 16:35
Code(s): AXL AXLP
 
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Change to the Board of Directors – Appointment of Financial Director

AFRICAN PHOENIX INVESTMENTS LIMITED
Incorporated in the Republic of South Africa
(Registration number: 1946/021193/06)
Ordinary share code: AXL       ISIN: ZAE000030060
Hybrid instrument code: AXLP      ISIN: ZAE000065215
(“Phoenix” or “the Company”)

CHANGE TO THE BOARD OF DIRECTORS – APPOINTMENT OF FINANCIAL DIRECTOR

Further to the announcement released on SENS on 2 March 2018 and in compliance with paragraph 3.59 of
the Listings Requirements of JSE Limited, the board of directors of Phoenix (“the Board”) is pleased to notify
its shareholders that Mr Shafiek Ahmed Rawoot (“Shafiek”) has been appointed as Financial Director of the
Company with effect from 1 July 2018.

Shafiek graduated from the University of Cape Town with a Bachelor of Business Science (Finance Honours)
in 2001 and from the University of Kwazulu-Natal with a Bachelor of Commerce (Accounting Honours) in 2002.
He commenced with his articles at KPMG (Cape Town) in 2003 and qualified as a Chartered Accountant in
2006.

After working for Old Mutual (Cape Town) in 2006, Shafiek joined Goldman Sachs International (London) as
a Senior Analyst in 2007. Shafiek joins Phoenix from Brait South Africa (Johannesburg), where he has been
part of the finance team since 2008.

The Board welcomes Shafiek and looks forward to his contribution to the Company.

Johannesburg
29 May 2018

Sponsor
Merchantec Capital

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