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DRA GLOBAL LIMITED - Val Coetzee appointed to executive position

Release Date: 07/03/2024 09:00
Code(s): DRA     PDF:  
Wrap Text
Val Coetzee appointed to executive position

DRA Global Limited (Incorporated in Australia under the Corporations Act 2001 (Cth))
ACN 622 581 935
ASX / JSE Share Code: DRA
ISIN: AU0000155814
("DRA" or "the Company")
JSE Sponsor: Pallidus Exchange Services Proprietary Limited

7 March 2024                                                          

DRA Global Limited (ASX: DRA) ('DRA' or 'the Company') announces that Director Val Coetzee,
who is currently a Non-Executive Director, has accepted the position of Director Process &
Technology with the Company commencing immediately. Mr Coetzee will continue as an
Executive Director of the Company.

Mr Coetzee will assume oversight of process technical excellence with a key focus on front-end
project solutions, and support of the Process teams across key regions, in particular EMEA and

The following information, in respect of the employment contract in place between Val Coetzee
and the Company, is provided in accordance with ASX Listing Rule 3.16.4:

 Term:                      Ongoing under an executive services agreement with no fixed term
                            but subject to periodic performance reviews.

 Fixed Remuneration:        Fixed Remuneration: R4 400 000 (Total cost to company).

 Variable Remuneration      Eligible to participate in the Company's short-term bonus scheme
                            and long-term performance incentive scheme.

 Annual Leave:              20 working days' annual leave/vacation for each year of service.

 Termination:               At any time, without notice, if conduct constitutes just cause for
                            summary dismissal, otherwise three months with notice by either

 Restraint Clauses:         Non-competition and non-solicitation restraints of up to 6 months

 Other Provisions:          The agreement contains standard provisions regarding duties, leave
                            entitlements, confidentiality, intellectual property and ancillary

                                              – ENDS –

This announcement was approved for release by James Smith, CEO and Managing Director of DRA
Global Limited

For further information, please contact:

Media enquiries:                          Investor Relations             Shareholder administration
Michael Vaughan                           Andrew Prior                  P: +61 8 6163 5900
Fivemark Partners                         Fivemark Partners   
M: +61 422 602 720              
                                                          ASX / JSE ANNOUNCEMENT

About DRA Global Limited

DRA Global Limited (ASX: DRA | JSE: DRA) (DRA or the Company) is an international multi-
disciplinary engineering, project delivery and operations management group, focused on the
mining, minerals and metals industry.

The Group has an extensive track record spanning almost four decades across a wide range of
commodities. We have delivered more than 8,000 projects, studies and managed services
solutions, and currently operate more than a dozen sites through our operations and maintenance

Our teams have deep expertise in the mining, minerals and metals processing industries, as well
as related non-process infrastructure such as water and energy sustainability solutions. We deliver
comprehensive advisory, engineering and project delivery services throughout the capital project
lifecycle, from concept through to operational readiness and commissioning as well as ongoing
operations, maintenance and engineering services. We do this with a focus on sustainability and
assisting clients to achieve their ESG goals.

DRA covers all major mining centres with offices across Africa and the Middle East, North and
South America, and the Asia-Pacific.

Date: 07-03-2024 09:00:00
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