Release Date: 03/07/2018 08:50
Code(s): NUT
Wrap Text
Changes to the Board

(Incorporated in the Republic of South Africa)
(Registration Number 2004/002282/06)
Share code: NUT
ISIN: ZAE000156485
(“NUT” OR “the Company”)


Shareholders are referred to the SENS announcement released on 29 May 2018 wherein the
Company announced that it had finalized negotiations with Baphalane Ba Mantserre
Investment Holding (Pty) Ltd (“BBMIH”) to underwrite a R10 000 000 Claw Back Rights Issue
at R0.001 per share (“the Issue”).

Consequently, the Company has been advised that Mr. Thabo Mokgatlha has resigned as
Chief Executive Officer of the Company with immediate effect. Mr. Mokgatlha will remain
involved with the Company and has been appointed as a non-executive director, and a
representative of BBMIH on the board of NUT with immediate effect. The Board wishes to
thank Thabo for his years of service and looks forward to his continued input as a non-
executive director moving forward.

Mr. Rob Etchells has been appointed as Chief Executive Officer of the Company with
immediate effect, having previously served at the Chief Operating Officer. Mr Etchells will
also continue in his role as the Financial Director of the Company for an interim, during which
period the board will look to permanently appoint a suitable candidate as the Financial
Director of the Company.

3 July 2018

Designated Advisor
PSG Capital

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