SPUR CORPORATION LIMITED - Change to the Board of Directors

Release Date: 17/08/2018 09:45
Code(s): SUR
 
Wrap Text
Change to the Board of Directors

Spur Corporation Limited
(Incorporated in the Republic of South Africa)
(Registration number 1998/000828/06)
Share code: SUR
ISIN: ZAE 000022653
(“Spur Corporation” or “the Company”)

Change to the Board of Directors



In compliance with paragraph 3.59 of the JSE Limited Listings Requirements,
Spur Corporation wishes to make the following announcement regarding a
change to the Company’s board of directors (“the Board”):

Shareholders are advised of the resignation of Ms Tasneem Karriem, a Non-
Executive Director and a representative for Grand Parade Investments Limited
(“GPI”) on the Board, and Spur Corporation is pleased to announce the
appointment of Ms Prabashinee Moodley as a Non-Executive Director and the
GPI representative on the Board with effect from 15 August 2018.

A short biography of Ms Parbashinee Moodley is provided below:

Prabashinee is a qualified Urban Planner and holds a Bachelor of Social Science
(1991) and Master of Town and Regional Planning (1993) from the University of
KZN. She developed her career in the field of Global Growth Strategy, first with
McDonald’s South Africa, and then in the USA with McDonald’s Corporation,
Dunkin’        Brands      Incorporated,  and      Payless ShoeSource.        In
2008 Prabs completed her MBA at the Lake Forest Graduate School of Business
in Illinois, USA, as a co-valedictorian.

She comes to the Spur Corporation Board with a deep understanding of the food
service industry, and, international business. Her expertise in the field of new
market entry, existing market growth, and strategic franchise partnerships has
significant promise for the further development of our business interests within
the portfolio.

Prabashinee was born in South Africa and currently holds dual citizenship with
the USA. She joined Grand Parade Investments Limited as CEO on 1 August
2018, and is in the process of repatriating to South Africa from the USA.

The Board welcomes Prabashinee and wishes her all the best in her new role.

17 August 2018
Sponsor
Sasfin Capital
A member of the Sasfin Group

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