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Appointment of Independent Non-Executive Director
TELEMASTERS HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
Registration number 2006/015734/06
Share code: TLM ISIN Number: ZAE000093324
(“TeleMasters” or “the Company”)
APPOINTMENT OF INDEPENDENT NON-EXECUTIVE DIRECTOR
In compliance with paragraph 3.59(a) of the JSE Limited Listings Requirements, shareholders
are advised that Ms Michelle Krastanov (“Michelle”) has been appointed to the Board of
TeleMasters as an Independent Non-Executive Director with effect from 20 September 2023.
Michelle has also been appointed as Chairperson of the Audit and Risk Committee as of the
same date.
Michelle holds a B.Com and B.Acc from the University of Witwatersrand, is a CA(SA) and JSE
Approved Executive. Michelle joined Price Waterhouse (now PWC) in 1987 and completed
her articles in January 1990. She was an Assistant Manager and Manager until early 1994
when she joined Kingfisher Finance International, a joint venture between management
and FirstCorp Merchant Bank. This company was wound down after the restructuring of
FirstCorp Merchant Bank and Michelle formed a new entity, Kingfisher Corporate &
Executive, in January 1996 to retain employees and continue the business. Kingfisher
focused primarily on corporate finance and JSE Listings for almost six years.
In October 2001, Michelle joined the Arcay group of companies to establish and manage
the JSE sponsor business, growing the client base over the past 22 years. The sponsor
business was acquired from the group through a management buyout in 2013. Michelle
manages the sponsor business, acquiring full ownership in October 2019.
Michelle has served on a number of listed company boards and audit risk committees
during her career. She has a sophisticated understanding of JSE Listing Requirements, IFRS
and the Companies Act as well as extensive professional experience with deal structuring
and business.
The Board welcomes Michelle to the Board as well as the Audit and Risk Committee.
Waterfall
21 September 2023
Designated Advisor
AcaciaCap Advisors Proprietary Limited
Date: 21-09-2023 01:50:00
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