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WESCOAL HOLDINGS LIMITED - Resignation of Waheed Sulaiman at the Group Chief Executive Officer and director of Wescoal

Release Date: 28/01/2019 13:30
Code(s): WSL     PDF:  
 
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Resignation of Waheed Sulaiman at the Group Chief Executive Officer and director of Wescoal

WESCOAL HOLDINGS LIMITED
Incorporated in the Republic of South Africa
(Registration number 2005/006913/06)
Share code: WSL
ISIN: ZAE000069639
("Wescoal" or the "Company")

Resignation of Waheed Sulaiman as the Group Chief Executive Officer (“CEO”) and director of Wescoal

Shareholders are advised of the resignation of Waheed Sulaiman, CEO of Wescoal with effect from 31 January
2019.

The Board is appreciative of Waheed’s commitment and wishes him the best in his future endeavours.

Shareholders are also advised that the Board is in the process of recruiting a CEO and confirms that Dr HLM
Mathe, currently an independent non-executive director of Wescoal, will act in the position of CEO for the
transitional period until a suitable candidate is appointed.

Dr Mathe is recognized as a doyen in Mining, by industry peers, Government and across the Public sector. Dr
Mathe also chairs the Council for Geoscience, Scinta South Africa and serves on the boards of Howden Africa
Holdings Limited (listed on the JSE) and Handa Mining Corporation (listed on the Toronto Stock Exchange). He
has served as an independent non-executive director of the Wescoal Board and is the Chairperson of the Social
and Ethics Committee for the past four years.

For any questions, please contact Mr Jacques de Bie of Singular Systems IR at jdebie@singular.co.za.

28 January 2019

Sponsor
Nedbank Corporate and Investment Banking

IR Advisor
Singular Systems IR

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