SAC - SA Corporate Real Estate Fund - Appointments to the Board of Directors
SAC
SAC
SAC - SA Corporate Real Estate Fund - Appointments 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")
Appointments to the Board of Directors
In compliance with rule 3.59 of the JSE Limited Listings Requirements, SA
Corporate unitholders are advised that, subject to regulatory approvals, Mr Len
van Niekerk has been appointed as managing director of SA Corporate Real Estate
Fund Managers Limited ("SA Corporate Fund Managers"), SA Corporate`s management
company, following the resignation of Ms Mariette Warner. Ms Warner`s
resignation, for personal reasons, is effective from 25 June 2009.
Len has 11 years experience in the property industry. He started as economist
and listed property analyst for Standard Bank`s stock broking business. He
joined Old Mutual Investment Group as Head of Quoted Property in 2006 overseeing
some R5bn in listed property assets. Throughout his career he has been rated as
a top property analyst and fund manager.
Unitholders are further advised that, subject also to the required regulatory
approvals being obtained, Mr Colin Young has been appointed as a non-executive
director and Mr Sayed Mia and Mr Kevin Roman have been appointed as independent
non-executive directors of SA Corporate Fund Managers Limited effective from 26
June 2009. The appointments of Mr Mia and Mr Roman will strengthen the
independent representation on the board.
These new director appointments will further enhance the depth of property
expertise on the SA Corporate Board.
Cape Town
26 June 2009
Sponsor
Nedbank Capital
Date: 26/06/2009 14:26:55 Produced by the JSE SENS Department.
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