OCE
OCE
OCE - Oceana - Resignation of CEO
Oceana Group Limited
(Registration number. 1939/001730/06)
JSE share code: OCE
NSX share code: OCG
ISIN: ZAE000025284
("Oceana" or "the Company")
RESIGNATION OF CEO
After 10 years as Chief Executive Officer of Oceana, Andrew Marshall has
indicated his intention to resign from the Group and as a director of the
Company at the end of February 2009, to pursue another opportunity in South
Africa.
The Chairman of the board, Mustaq Brey, thanked Andrew for his significant
contribution over this period. Since Andrew`s appointment in 1999 the market
capitalisation of Oceana has increased from R394 million to R2,5 billion at
present. Oceana is firmly established as the leading fishing & cold storage
company in southern Africa, and the group is well positioned going forward with
good prospects for 2009.
The process of selecting and appointing a successor to Andrew will proceed
through the Oceana Group Remuneration and Nominations Committee.
Cape Town
21 November 2008
Sponsor
Standard Bank
Date: 21/11/2008 10:00:03 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.
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
