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ECSPONENT LIMITED - Notification of changes to the Board

Release Date: 05/06/2020 14:56
 
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Notification of changes to the Board

ECSPONENT LIMITED
Incorporated in the Republic of South Africa
Registration number: 1998/013215/06
JSE Code: ECS - ISIN: ZAE000179594
Debt Issuer Code: ECSD
(“the Company” or “Ecsponent”)

NOTIFICATION OF CHANGES TO THE BOARD

The board of directors of Ecsponent (“the Board”) is pleased to advise shareholders of the appointment of
Mr Cobus Beetge as a Non-Executive director with effect from 5 June 2020.

Mr Beetge holds a B.Com degree from the University of South Africa as well as a BSc Agricultural Engineering
from the University of Pretoria.

Mr Beetge serves as director of several companies and is one of the biggest investors in the Company’s
hybrid preference shares. He also serves as the Managing Director of J P Landgoed, an agricultural business
with multifaceted farming operation and Investment holding companies. Mr Beetge built a multifaceted
agricultural business that is currently one of the leading exporters to the Asian and European markets and
is renowned for his contribution to this sector.

The Board welcomes Mr Beetge and looks forward to his contribution to the Company.

Shareholders are further advised that with effect from 5 June 2020:

•       Mr Keith Rayner will assume the role of Independent Non-Executive Chairman of the Company;

•       Mr Craig Lyons resigns as Non-Executive Chairman and director of the Company and has been
        reassigned to assist and support the Company’s key investment, MyBucks S.A. (“MyBucks”), as a
        member of its board and focus on strengthening the underlying business; and

•       Mr Patrick Matute resigns as a Non-Executive director and has been reassigned to the Company’s
        key investment, MyBucks and will serve as an executive member of the MyBucks board.


For more information about this announcement or the Ecsponent group, email
investor.relations@ecsponent.com or visit www.ecsponentlimited.com/investor-relations.

5 June 2020
Pretoria

Sponsor to Ecsponent
Questco Corporate Advisory (Pty) Ltd

Date: 05-06-2020 02:56:00
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