To view the PDF file, sign up for a MySharenet subscription.

SASFIN HOLDINGS LIMITED - Changes to the board

Release Date: 06/11/2018 14:53
Code(s): SFNP SFN     PDF:  
Wrap Text
Changes to the board

(Incorporated In the Republic Of South Africa)
(Registration Number 1987/002097/06)
Ordinary share code: SFN ISIN: ZAE000006565
Preference share code: SFNP ISIN: ZAE000060273
(“Sasfin” or “the Company”)


In compliance with paragraph 3.59 of the JSE Limited Listings Requirements,
shareholders are advised of the following changes to the Sasfin board of directors
(“Board”) as set out below.

   •   Michael Sassoon, the Chief Executive Officer (“CEO”) of Sasfin will additionally
       assume the position of CEO of Sasfin Bank Limited with effect from 1 January

   •   Roland Sassoon will retire as CEO of Sasfin Bank Ltd and from all other
       executive positions within Sasfin with effect from 31 December 2018.

   •   Roland will also step down as a director of Sasfin for a period of twelve months
       as a cooling off period in compliance with applicable banking regulations.

   •   It is envisaged that Roland will take up an appointment as a non-executive
       director from 1 January 2020.

The Board thanks Roland for his outstanding work in transforming the group from a
small family textile trading business to the Sasfin of today, and for his continued work
for the Sasfin group. The Board also wishes Michael well in his new role.

6 November 2018

Sasfin Capital (a member of the Sasfin group)

Independent Sponsor to Sasfin
Deloitte & Touche Sponsor Services (Pty) Ltd

Date: 06/11/2018 02:53:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

Email this JSE Sens Item to a Friend.

Share This Story