SAC - SA Corporate Real Estate Fund - Changes to the board of directors
SAC
SAC
SAC - SA Corporate Real Estate Fund - Changes to the board of directors
SA Corporate Real Estate Fund
(Incorporated in the Republic of South Africa)
A Collective Investment Scheme in property registered in terms of the Collective
Investment Schemes Control Act, No. 45 of 2002 and managed by SA Corporate
Real Estate Fund Managers Limited (Registration number 1994/009895/06)
Share Code: SAC ISIN Code: ZAE000083614
("SA Corporate" or "the Fund")
Changes to the board of directors
SA Corporate unitholders are referred to the announcement dated 1 April 2009
regarding Old Mutual Investment Group Property Investments` decision to
internally restructure its fund management operations through the creation of a
centralized fund management team in Cape Town. Further to this, SA Corporate
unitholders are advised that the following directors have resigned as executive
directors of the board of directors of SA Corporate:
Mr C J Ewin;
Ms L C Tapping;
Mr R R Perkin; and
Mr A P W Sparks.
In addition unitholders are advised that, subject to the required regulatory
approvals being obtained:
Ms M Warner has been appointed as the managing director of the Fund; and
Ms Z Adams has been appointed as the financial director of the Fund.
The above appointments and resignations are effective from 21 May 2009 and will
result in a smaller board comprising a majority of independent, non-executive
directors.
Durban
22 May 2009
Sponsor
Nedbank Capital
Date: 22/05/2009 14:41:01 Produced by the JSE SENS Department.
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