| Thu 21 Dec 2006, 16:13 | | CYB - Cyberhost - Results of the annual general me |
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CYB
CYB
CYB - Cyberhost - Results of the annual general meeting, the general meeting and
board restructure
CYBERHOST LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1998/013649/06)
Share code: CYB & ISIN code: ZAE000017471
(`Cyberhost` or `the company`)
RESULTS OF THE ANNUAL GENERAL MEETING, THE GENERAL MEETING AND
BOARD RESTRUCTURE
Shareholders are advised that, at the annual general meeting of Cyberhost held
on Thursday, 21 December 2006 for the financial year ended 31 August 2006 all
the ordinary resolutions presented were approved. Following the annual general
meeting Cyberhost also held a general meeting for the acquisition of the Open
Plan IT platform as well as the acquisition of the Top Restaurant brands and
that all the ordinary and special resolutions presented were approved.
In compliance with paragraph 3.59 of the Listings Requirements of the JSE
Limited, the board of directors of Cyberhost are pleased to announce the
following restructure.
Messrs AJ Hubbard, HGB Friedrichsen, JH Brand and MD van Rooyen have been
appointed to the board; Messrs MS Langman and LM Wright have resigned from the
board. JC Human and MH Weetman have moved from an executive role to a non-
executive role, with effect from 21 December 2006.
After the above changes the board will comprises the following:
Mr Jack Colin Human - independent non-executive chairman
Mr Andrew John Hubbard - chief executive officer
Mr Jan Hendrik Brand - financial director
Mr Holger Gunther Friedrichsen - executive director
Mr Martin Deon van Rooyen - non-executive director
Mr Mark Howard Weetman - non executive director
Andrew John Hubbard ("Andrew")
Chief Executive Officer
After matriculating in 1978 at Wynberg Boys High School in Cape Town, Andrew
left for Germany where he studied computer technology at Volkswagen. In 1987 he
started Quick Bit GmbH, a software consultancy that is still running
successfully today. In 1988, financial services company FTH - Finanz GmbH was
founded with Holger Friedrichsen. After four years of specialising in providing
financial services to high net - worth individuals they started a real estate
company in 1992, focusing on packaging of property investments for this elite
market. This company turned over a total of R 1 billion by end of 2002. Andrew
is currently the managing director of Queensgate, a company specialising in the
hospitality industry in South Africa. Some of the investments of Queensgate
includes: The Radisson Hotel in the V&A Waterfront, The Park Inn Hotel on Green
Market Square, Cape Town Hollow Hotel in Cape Town and Tinga Private Lodge in
the Kruger Park. Queensgate also purchased 100 % of the shares in Top
Restaurants in 2004. Andrew has joined the Cyberhost board as an executive
director.
Holger Gunther Friedrichsen ("Holger")
Executive Director
After matriculating in 1974, Holger studied mathematics, computer science and
management science at the Technical University of Braunschweig. In 1981 he
worked as a computer consultant to Volkswagen. From 1987 he worked as a
programmer for different computer departments in VW. In 1988, financial services
company FTH - Finanz GmbH was founded with Andrew Hubbard. After four years of
specialising provision of financial services for high net - worth individuals,
Andrew and Holger along with other partners started a real estate company in
1992, focusing on packaging of property investments for this elite market. This
company turned over a total of R1 billion by end of 2002. Holger is currently an
executive director of Queensgate. Queensgate purchased 100% of the shares in Top
Restaurants in 2004. Holger has joined Cyberhost board as an executive director.
Jan Hendrik Brand ("Jan")
Financial Director
Jan matriculated at Pretoria Boys High School in 1983. He qualified as a
Chartered Accountant in 1997 and in 1998 continued his studies with a Masters
Degree in Taxation Law, which he completed in 2001. In March 2005 he left
private practice to join the Queensgate team as financial director. Jan has
joined Cyberhost board as the financial and administration director.
Martin Deon Van Rooyen ("Deon")
Non-Executive Director
Deon qualified as a Chartered Accountant at PricewaterhouseCoopers ("PWC") where
he worked as an auditor and as part of the Corporate Finance and Management
Consulting team for more than 10 years. He left PWC at the end of 1994 to join
the Rembrandt group. His responsibility, with a specialised team, was to turn
certain subsidiaries around and take control of all financial responsibilities
of that team. After a successful period with Rembrandt, he left to form his own
consulting practice in 1997. Deon has a passion for the new South Africa and
this lead to his association with, and now contractual relationship with, the
Sekunjalo Group of Companies. Deon has joined the Cyberhost board as a non
executive director.
Shareholders are advised that Cyberhost will now apply for the lifting of the
suspension in trade in the company`s securities.
Johannesburg
21 December 2006
Sponsors
Arcay Moela Sponsors (Pty) Ltd
Date: 21/12/2006 16:13:01 Produced by the JSE SENS Department.
