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CAPITEC BANK HOLDINGS LIMITED - Changes To The Lead Independent Director And The Board Committees Of Capitec And Capitec Bank

Release Date: 22/02/2021 16:00
Code(s): CPI CPIP CBL28 CBL26 CBL29     PDF:  
Wrap Text
Changes To The Lead Independent Director And The Board Committees Of Capitec And Capitec Bank

Capitec Bank Holdings Limited
Registration number 1999/025903/06
Incorporated in the Republic of South Africa
Registered bank controlling company
Ordinary Share Code: CPI ISIN Number: ZAE000035861
Preference Share Code: CPIP ISIN Number: ZAE000083838
("Capitec")

Capitec Bank Limited
Registration No. 1980/003695/06
Incorporated in the Republic of South Africa
Registered bank
Company code: BICAP
Stock Code: CBL26
ISIN Code: ZAG000136128
Stock Code: CBL28
ISIN Code: ZAG000151333
Stock Code: CBL29
ISIN Code: ZAG000158874
(“Capitec Bank” or “the bank”)

CHANGES TO THE LEAD INDEPENDENT DIRECTOR AND THE BOARD
COMMITTEES OF CAPITEC AND CAPITEC BANK (“THE COMPANIES”)

In accordance with paragraphs 3.59 and 6.39 of the JSE Limited
Listings and Debt Listings Requirements, shareholders and
noteholders are advised of the following changes to the lead
independent director and the board committees of the
companies.

Effective 1 March 2021, Mr JD (Jock) McKenzie (lead independent
director and chairman of the risk and capital management
committee) will have served 9 years on the boards of the
companies and will no longer be deemed to be independent.

Mr V (Vusi) Mahlangu has therefore been appointed as lead
independent director as from the 1st of March 2021.

Changes to board committees effective 1 March 2021:

RISK AND CAPITAL MANAGEMENT COMMITTEE
Mr SA (Stan) du Plessis has been appointed as the chairman of
the risk and capital management committee. Following his
appointment, the risk and capital management committee
comprises the following members: Stan du Plessis (chairman),
AP (André) du Plessis, Vusi Mahlangu, Jock McKenzie, PJ (Piet)
Mouton, CA (Chris) Otto and JP (Jean Pierre) Verster. Jock
remains a member of the committee until his retirement on 28
May 2021.

AUDIT COMMITTEE
Stan du Plessis will replace Jock McKenzie as a member of the
audit committee. Following his appointment, the audit
committee comprises the following members: Jean Pierre Verster
(chairman), Stan du Plessis, TE (Emma) Mashilwane, and CH
(Cora) Fernandez.

HUMAN RESOURCES AND REMUNERATION COMMITTEE
Vusi Mahlangu will replace Jock McKenzie as a member of the
human resources and remuneration committee when Jock retires
from the boards of the companies on 28 May 2021. Following his
appointment, the human resources and remuneration committee
will comprise the following members: DP (Danie) Meintjes
(chairman), SL (Santie) Botha, Vusi Mahlangu and Chris Otto.

22 February 2021
Stellenbosch
Sponsor: PSG Capital

Date: 22-02-2021 04:00:00
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