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REMGRO LIMITED - Changes to the board of directors of Remgro (the Board)

Release Date: 19/09/2019 17:00
Code(s): REM     PDF:  
 
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Changes to the board of directors of Remgro (the “Board”)

Remgro Limited
(Incorporated in the Republic of South Africa)
(Registration number 1968/006415/06)
ISIN: ZAE000026480
Share code: REM
("Remgro")

CHANGES TO THE BOARD OF DIRECTORS OF REMGRO (the “Board”)

In compliance with paragraph 3.59 of the JSE Limited Listings
Requirements, the following information is disclosed:

Retirement of a non-executive director and the lead independent
non-executive director

The Board hereby announces the retirement of Dr Edwin de la Harpe
Hertzog as co deputy Chairman and non-executive director of the
Board and Mr Gerrit Thomas Ferreira as the lead independent non-
executive director of the Board with effect from the close of
Remgro’s next Annual General Meeting on 28 November 2019.

Dr Hertzog currently acts as co deputy Chairman with Mr Josua
Malherbe. The Remgro Board Charter will be amended to indicate
that there will only be one deputy Chairman.

The Board wishes to thank Dr Hertzog and Mr Ferreira for their
valuable contributions over many years.

Change in function of a director

Ms Sonja Emilia Ncumisa de Bruyn who has served as an independent
non-executive director on the Board since 2015, will succeed
Mr Ferreira as the lead independent non-executive director of the
Board when Mr Ferreira retires.

Appointment of a non-executive director, an independent non-
executive director and an alternate independent non-executive
director

The Board has approved the appointments of Mr Paul Johannes
Neethling as a non-executive director and Mr Gideon Gabriel
Niëuwoudt as an independent non-executive director of the Board
with effect from the close of Remgro’s next Annual General Meeting
on 28 November 2019.

Mr Neethling was an Investment Executive in the corporate finance
division of Remgro Management Services Ltd, a wholly-owned
subsidiary of Remgro and serves as an alternate director to Mr Jan
Jonathan Durand on the Board of RCL Foods Limited.     He holds a
BCom (Hons) degree in Financial and Investment Management from the
University of Stellenbosch, and has acquired extensive business
experience through a number of other directorships.

Mr Niëuwoudt is the founder and managing partner of Southern Right
Capital UK Limited. He serves as an independent advisor on Stanlib
Multi-Manager’s Alternative Assets Investment Committee, is a non-
executive director of Empiric Managed Capital Advisors and
Accumulus Emerging Managers Fund and Accumulus Fund. Previously,
he served as director of Alternative Investment Solutions at
Edmont de Rothschild Capital Holdings, London and managing partner
and portfolio manager at Silver Creek Capital UK LLP. He is a CFA
Charter holder and holds a BCom degree in Mathematics from the
University of Stellenbosch.

Furthermore, Mr Paul Kenneth Harris has indicated his intention to
retire as an independent non-executive director from the Board in
2020. By way of succession, the Board has approved the appointment
of Mr Lelo Rantloane as an alternate independent non-executive
director to Mr Harris with effect from the close of Remgro’s next
Annual General Meeting on 28 November 2019.

Mr Rantloane holds a BSc (Hons) degree from the University of Cape
Town and is the founding CEO of Ata Capital. He is currently a
director of Rain Group Holdings Proprietary Limited, Southern
African Venture Capital and Private Equity Association, SLG
Proprietary  Limited,   Masana  Petroleum   Solutions  Proprietary
Limited, Imbewu Capital Partners Proprietary Limited and a trustee
of the Click Foundation. Prior to this he was Head of Debt Capital
Markets at Deutsche Bank AG, Johannesburg. He began his career
with Rand Merchant Bank Limited and was appointed Executive
Assistant to the CEOs of FirstRand Limited and FirstRand Bank
Limited.


Stellenbosch
19 September 2019

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 19/09/2019 05:00:00
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