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Changes to the board of directors
CALGRO M3 HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2005/027663/06)
JSE Alpha code: CGRI1
(“Calgro M3” or the “Company” or the “Group”)
CHANGES TO THE BOARD OF DIRECTORS
In accordance with paragraph 6.39 of the Debt Listings Requirements, debtholders are hereby
advised that Mr Willem Adolph (Waldi) Joubert (“Mr Joubert”), having served as the Financial
Director of the Company since 1 June 2015, will relinquish his role as the Financial Director with
effect from 28 February 2022 and assume the role of Managing Director of the Company’s Memorial
Parks business. Mr Joubert will remain with the Group and continue to be an executive member of
the Board of Directors (“Board”).
In advance of Mr Joubert’s change in responsibilities, the Board is pleased to announce that Ms
Sayuri Naicker (“Ms Naicker”), the current Group Financial Manager, has been identified as the
incumbent candidate to replace Mr Joubert as the Financial Director with effect from
1 March 2022. Ms Naicker will also be appointed as an executive member of the Board with effect
from 1 March 2022. The appointment of Ms Naicker was made pursuant to the Company’s
Appointment of Directors to the Board Policy.
Ms Naicker started her career at PricewaterhouseCoopers in 2012, where she gained exposure to
multi-national listed companies in the construction, mining and alternative energy sectors. Ms
Naicker has nine years’ experience in external audit and was involved in the Calgro M3 audit for the
past two years. She has a post graduate diploma in accounting and obtained her professional
registration with SAICA in 2015 as a Chartered Accountant.
The Board would like to express their gratitude to Mr Joubert for his dedication, hard work and
commitment to the Company during the past six years as Financial Director and for continuing to
provide mentorship and guidance to Ms Naicker to adequately prepare her for her new role.
The Board is confident that Ms Naicker’s appointment and changes to the Board will contribute
positively to achieving the Group’s future strategic initiatives.
Johannesburg
24 February 2022
Debt Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited
Date: 24-02-2022 10:09:00
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