| Mon 31 Dec 2007, 11:50 | | SIM - SIMMERS - Resignation of Mr. David Brown from the Board of Directors of |
|
SIM
SIIF
SIM - SIMMERS - Resignation of Mr. David Brown from the Board of Directors of
Simmers
SIMMER & JACK MINES LIMITED
(INCORPORATED IN THE REPUBLIC OF SOUTH AFRICA)
(REGISTRATION NUMBER 1924/007778/06)
SHARE CODE: SIM ISIN: ZAE000006722
("SIMMERS" OR "THE COMPANY")
Resignation of Mr.David Brown from the Board of Directors of Simmers
Simmer & Jack Mines, Ltd ("Simmers") has announced that Mr. David Brown has
resigned as an Independent Non-executive Director of Simmers with effect from
today. Mr. Brown, who also served as the Chairman of Simmers` Audit Committee,
joined the Board in October 2005. At that time he was Chief Financial Officer
at Impala Platinum, but in September 2006 he took over as Chief Executive of
that company, and his increased responsibilities have made it difficult for him
to devote additional time to Simmers.
Simmers` Chairman Nigel Brunette said that: "David Brown has been a tremendous
asset to the Simmers Board, and although we understand completely his reasons
for stepping down, we tried hard to dissuade him, unfortunately to no avail. On
behalf of my colleagues I want to thank him for the efforts he has put in for
the company, particularly in the areas of financial reporting and risk
management, where he did a great deal to bring Simmers closer to standards of
best practice. We will miss his wise counsel and his presence among us as a
valued friend.
We have not yet undertaken the task of replacing Mr. Brown, but his place as
Audit Committee Chairman will be taken by Mr. Adrian Meyer, another suitably
qualified Independent Director. In the New Year the Company`s Corporate
Governance and Nominations Committee will, however, consider whether to make
another appointment."
31 December 2007
Johannesburg
Sponsor
Sasfin Capital
A division of Sasfin Bank Limited
Date: 31/12/2007 11:50:04 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
