HUGE GROUP LIMITED - Resignation of a director

Release Date: 31/12/2018 12:55
Code(s): HUG
 
Wrap Text
Resignation of a director

HUGE GROUP LIMITED
(Registration number 2006/023587/06)
Share code: HUG ISIN: ZAE000102042
(“Huge” or “the Company”)

RESIGNATION OF A DIRECTOR

In terms of section 3.59 of the JSE Limited Listings Requirements, the
board of directors of the Company (the Board) advises that Mr Zunaid
Bulbulia has resigned as a director of Huge and its subsidiary companies.
His resignation will take effect from 31 December 2018.

Zunaid has also resigned as an employee of Huge, where he held the
position of Chief Financial Officer. The Company has however entered
into a consulting arrangement with Zunaid for the provision of services.

Zunaid is involved in numerous other ventures, which require his input on
a daily basis. He is an adjunct professor at the Wits Business School, he is
joining a private investment holding company in the telecoms sector, he
is an advisory board member to the Gauteng Division of FNB Islamic Bank
and he is an advisory board member to the Kirusa Group of Companies,
headquartered in New Jersey, USA.

Huge’s growth trajectory necessitates the services of a dedicated and
Full Time Chief Financial Officer. For this reason the Company and Zunaid
have agreed on a change in his relationship from employee to
consultant.

The Company has identified a number of suitable candidates for the
post of Chief Financial Officer and has been engaging actively with one
candidate. Zunaid will work with the Company with a view to handing
over his finance responsibilities to the successful candidate.

Johannesburg
31 December 2018

Sponsor
Questco Corporate Advisory (Pty) Ltd

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