Change to directors functions
Combined Motor Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1965/000270/06)
Share code: CMH ISIN: ZAE000088050
(“CMH”) or (“the Company”)
Change to directors’ functions
In terms of 3.59 of the JSE Listings Requirements, CMH advises that,
following a meeting of the Board held on 31 May 2018, the following
changes to directors’ functions have been effected:
- JTM Edwards (independent, non-executive) retired as a director
and as Chairman of the Board.
- JS Dixon (independent, non-executive director) was appointed
Chairman of the Board. He has resigned as Chairman of the Audit
and Risk Assessment Committee (“Audit committee”) and been
appointed a member of the Remuneration Committee (“Remco”).
At the annual general meeting of CMH held on 31 May 2018, shareholders
approved the appointment of ME Jones (non-executive, independent) as
Chairman of the Audit committee and JA Mabena as a member of the Audit
committee. The Audit committee now comprises ME Jones (non-executive,
independent)(Chairman), JA Mabena(non-executive, independent) and MR
Nkadimeng (non-executive, independent).
The Remco of CMH now comprises LCZ Cele (non-executive,
independent)(Chairman), JS Dixon (non-executive, independent) and JA
Mabena (non-executive, independent).
The Social, ethics and transformation committee remains unchanged and
comprises LCZ Cele (non-executive, independent)(Chairman),JA Mabena
(non-executive, independent), JD McIntosh (executive) and BWJ Barritt
All changes are effective 31 May 2018.
1 June 2018
PricewaterhouseCoopers Corporate Finance (Pty) Ltd
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