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Change to the Board of Directors
KAP INDUSTRIAL HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1978/000181/06)
Share code: KAP
ISIN: ZAE000171963
LEI code: 3789001F51BC0045FD42
(“KAP” or “the Company”)
CHANGE TO THE BOARD OF DIRECTORS
In accordance with paragraph 3.59(b) of the JSE Limited Listings Requirements (“JSE LRs”), the board
of directors of the Company (“Board”), wishes to advise shareholders that in terms of the Board’s
forward-looking succession plan, Mr J De V Du Toit (“Jaap”), who has served as a director on the Board
since 2012, has indicated that he will be stepping down from his position as an independent non-
executive director on the Board and as a member of the nomination committee (“Nom Com”) at the
conclusion of the Company’s next annual general meeting (“2022 AGM”), which is currently scheduled
for 21 November 2022. A formal SENS announcement will be released confirming Jaap’s resignation
following the 2022 AGM.
Jaap has served the Company for over 10 years, including in the position of chairperson of the Board,
and the Board is indebted to him for his exemplary leadership and contribution over this period. Under
his guidance and stewardship, the Company successfully navigated unique challenges, of which the
collapse of its shareholder of reference and the Covid-19 pandemic, are but two examples.
The Board would like to thank Jaap for his valuable contribution to the Company and wishes him well
in his retirement.
The Nom Com has reviewed the suitability of the composition of the current Board, following Jaap’s
retirement, and is satisfied that the Board collectively has the necessary skills and expertise to continue
until such time as a suitable candidate with the relevant experience and expertise, has been found to
replace Jaap as an independent non-executive director of the Company in terms of the Board’s forward-
looking succession plan. In view of the fact that the Board has commenced a process to find a suitable
candidate, the Nom Com has recommended that this position not be filled at the 2022 AGM.
Shareholders will be advised, in accordance with the provisions of the JSE LRs, as soon as such an
appointment has been made.
Stellenbosch
21 October 2022
Sponsor
PSG Capital
Date: 21-10-2022 09:00:00
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