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ROYAL BAFOKENG PLATINUM LIMITED - Resignation of Executive Director

Release Date: 26/04/2018 11:11
Code(s): RBPCB     PDF:  
Wrap Text
Resignation of Executive Director

(Incorporated in the Republic of South Africa)
(Registration number: 2008/015696/06)
Company code: RBPD
Bond code: RBPCB
ISIN: ZAE000243853
(“RBPlat” or the “Company”)

Resignation of executive director

In accordance with paragraph 3.59 of the JSE Limited Listings Requirements, the RBPlat Board
announces the resignation of Martin Prinsloo, chief financial officer and executive director of the
company. Martin has been with the company slightly more than 9 years and he has informed the
board that he felt it was time to move on and pursue other opportunities especially at this stage
of his career.

”The Board wishes to extend its sincere gratitude to Martin for the valuable contribution that he
has made to the strategic direction and management of RBPlat over the past 9 years. He was
one of the founding members of the company and he always ensured that we do not forget what
those founding values and objectives were and where we came from” said Chairman Kgomotso

CEO Steve Phiri commented: “I offer my heartfelt thanks to Martin for the very special partnership
we shared in guiding this business to the best of our abilities. Martin has been responsible for the
achievement of a number of key milestones in the life of the Group. To name a few; the successful
restructuring of the BRPM JV in 2009; the 2010 IPO process; the establishment of a highly
efficient team; guiding the business to independence from Anglo Platinum; assuming operational
control without any major glitches; winning first prize for our 2013 Integrated Report; concluding
the highly successful R1.5 billion capital raise in 2014; the successful implementation of the R1.2
billion Convertible Bond and R2 billion debt facilities as well as the recent value-adding Maseve
acquisition. I commend him for his professionalism, his loyalty and his passionate commitment
towards RBPlat and all of its stakeholders”

Commenting on his departure, Martin said: “I wish to express my sincere thanks to Steve, my
fellow executives and employees, the Board and our shareholders for their unwavering support
and for affording me the opportunity and privilege to have been part of this enviable organization
for the past nine years. I will continue to follow RBPlat’s progress with a keen interest and high

Martin will remain in his current role until 10 August 2018. The Board has commenced with an
executive search process to identify a suitable replacement candidate.

26 April 2018

JSE Sponsor
Merrill Lynch South Africa Proprietary Limited
JSE debt sponsor

RAND MERCHANT BANK (A division of FirstRand Bank Limited)

For further information, please contact:

Lindiwe Montshiwagae
Executive: Investor Relations
Tel: +27 (0)10 590 4517
Mobile: +27 (0)82 920 7803

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