COMBINED MOTOR HOLDINGS LIMITED - Change to directors functions

Release Date: 01/06/2018 10:02
Code(s): CMH
Wrap Text
Change to directors functions

Combined Motor Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1965/000270/06)
Share code: CMH     ISIN: ZAE000088050
(“CMH”) or (“the Company”)

Change to directors’ functions

In terms of 3.59 of the JSE Listings Requirements, CMH advises that,
following a meeting of the Board held on 31 May 2018, the following
changes to directors’ functions have been effected:

   - JTM Edwards (independent, non-executive) retired as a director
     and as Chairman of the Board.
   - JS Dixon (independent, non-executive director) was appointed
     Chairman of the Board. He has resigned as Chairman of the Audit
     and Risk Assessment Committee (“Audit committee”) and been
     appointed a member of the Remuneration Committee (“Remco”).

At the annual general meeting of CMH held on 31 May 2018, shareholders
approved the appointment of ME Jones (non-executive, independent) as
Chairman of the Audit committee and JA Mabena as a member of the Audit
committee. The Audit committee now comprises ME Jones (non-executive,
independent)(Chairman), JA Mabena(non-executive, independent) and MR
Nkadimeng (non-executive, independent).

The   Remco  of   CMH  now   comprises   LCZ  Cele   (non-executive,
independent)(Chairman), JS Dixon (non-executive, independent) and JA
Mabena (non-executive, independent).

The Social, ethics and transformation committee remains unchanged and
comprises LCZ Cele (non-executive, independent)(Chairman),JA Mabena
(non-executive, independent), JD McIntosh (executive) and BWJ Barritt

All changes are effective 31 May 2018.

1 June 2018

PricewaterhouseCoopers Corporate Finance (Pty) Ltd

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