MVG/MVGP - Mvela Group - Change to the Board of Di
MVG
MVG
MVG/MVGP - Mvela Group - Change to the Board of Directors
MVELAPHANDA GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1995/004153/06)
Ordinary share code: MVG
Ordinary share ISIN: ZAE000060737
Preference share code: MVGP
Preference share ISIN: C
("Mvela Group" or "the company")
Change to the board of directors
Mvela Group announces that Brett Till has resigned as a director and Chief
Financial Officer of Mvela Group with effect from 31 July 2007, having
spent more than nine years with Mvela Group and Rebserve.
Notwithstanding the effective date of Till`s resignation of 31 July 2007,
Till has agreed to assist Mvela Group during the months of August and
September 2007 with the finalisation of Mvela Group`s audited results for
the year ended 30 June 2007 and the preparation of the 2007 annual report.
Mvela Group has initiated a process to find a suitable successor for Till,
which process it is anticipated will be finalised prior to 31 July 2007 to
allow a smooth transition following Till`s departure. The company has in
the interim appointed, with effect from 1 June 2007, a senior executive to
strengthen the finance team.
Sandton
Friday 4 May 2007
Issued by: Sponsor
Deutsche Securities (SA) (Proprietary) Limited
Date: 04/05/2007 14:17:01 Produced by the JSE SENS Department.
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