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AFRICAN EQUITY EMPOWERMENT INVESTMENTS LIMITED - Changes to The Board Of Directors, The Audit & Risk Committee & Appointment of a Permanent Chief Executive Officer

Release Date: 02/07/2020 17:36
Code(s): AEE     PDF:  
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Changes to The Board Of Directors, The Audit  & Risk Committee & Appointment of a Permanent Chief Executive Officer

African Equity Empowerment Investments Limited
(Incorporated in the Republic of South Africa)
Registration number 1996/006093/06
Share code: AEE and ISIN: ZAE000195731
(“AEEI” or “the Group” or “the Company”)

CHANGES TO THE BOARD OF DIRECTORS, THE AUDIT AND RISK COMMITTEE AND
THE APPOINTMENT OF A PERMANENT CHIEF EXECUTIVE OFFICER

1. Changes to the Board of directors and audit and risk committee
In accordance with paragraph 3.59 of the JSE Limited Listings
Requirements, shareholders are advised of the following changes to the
board of directors of the Company (“Board”).

•   The Board hereby notifies shareholders that Chantelle Ah Sing
    (“Chantelle”) has resigned as the chief financial officer of the
    Company with effect from 31 July 2020. Chantelle has chosen
    to pursue her higher education and other personal interests.
    She has been an invaluable member of the management team and has
    provided excellent leadership in her role as the company’s CFO.
    The Board would like to thank Chantelle for her valued contribution
    to the AEEI Group and wishes her well in her future endeavours.

•   Jowayne van Wyk (“Jowayne”) has been appointed as the new chief
    financial officer with effect from 1 August 2020. Jowayne is a
    qualified Chartered Accountant and has been a non-executive director
    of AEEI and audit and risk committee chairman prior to this
    appointment. He currently holds the position of Financial Manager
    for the South African operation of a company listed on the Milan
    stock exchange in Italy.

•   The Board further advises that Jowayne resigned from his position as
    chairman of the audit and risk committee with effect from 30 June 2020
    and Gaamiem Colbie (“Gaamiem”) has been appointed as acting chairman
    of the audit and risk committee with effect from 30 June 2020.

•   The Board further advises that Bongikhaya Qama (“Bongikhaya”) has
    been appointed as a non-executive director with effect from 2 July
    2020. He has served as chairperson in many community empowerment
    boards and currently serves as the Provincial Chairperson of the
    South African National Civic Organization (SANCO).
The Board wishes Jowayne, Gaamiem and Bongikhaya well in their new
positions going forward.


2. Appointment of permanent Chief Executive Officer


Shareholders are referred to the announcement released on SENS on 12
March 2020 whereby the Company advised that Valentine Dzvova was
appointed as acting Chief Executive Officer of the Company.
Shareholders are hereby further advised that Valentine Dzvova has
been appointed as Chief Executive Officer of the Company effective
from 1 July 2020.

Cape Town
02 July 2020

Sponsor
Vunani Sponsors

Date: 02-07-2020 05:36:00
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