| Mon 2 Nov 2009, 17:40 | | SPG - Super Group - Resignation/retirement of directors and restructuring of the |
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SPG
SPG
SPG - Super Group - Resignation/retirement of directors and restructuring of the
board
Super Group Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1943/016107/06)
Share code: SPG
ISIN: ZAE000011334
("Super Group" or "the Group" or "the Company")
RESIGNATION/RETIREMENT OF DIRECTORS AND RESTRUCTURING OF THE BOARD
Notice is hereby given, in terms of paragraph 3.59 of the Listings Requirements
of the JSE Limited, of the resignations of Peter Malungani as independent non-
executive chairman, Busi Tshili as independent non-executive director and the
retirement of Sam Abrahams as independent non-executive director from the board
of directors of the Company ("the Board").
Peter Malungani and Busi Tshili are both shareholder representatives of Peu
Group (Proprietary) Limited ("Peu") and subsequent to the reduction in Peu`s
shareholding in Super Group they have elected to redirect their efforts into
businesses where Peu has greater equity and management participation.
After 12 years of service, Sam Abrahams has decided to reduce his current
workload and will retire from the Board.
The resignations and retirement are effective 01 November 2009.
The Board thanks the outgoing directors for their services, dedication and
significant contributions to the Group and wishes them well in their future
endeavours.
Super Group is pleased to announce the appointment with effect from 01 November
2009 to the Board of:
Neil Davies Independent non-executive director
John Newbury Independent non-executive director
Neil Davies has been appointed as independent non-executive director. He has had
a long career in industry and commerce in both executive and non-executive
positions. Since retiring from the Altron Group, where he held the position of
chief financial officer and later deputy chairman, he has served on various
boards of listed companies. He held the position of chairman of the boards of
Concor Limited, Rand Leases G.M. Limited and Astrapak Limited. Other non-
executive directorships have included Austro Limited, Anglo American Industrial
Corporation Limited, the J D Group Limited, Advtech Limited, Brait S.A. Limited,
Bytes Limited and Afgri Limited. He is currently non-executive chairman of the
ATM Solutions Group and a non-executive director of Savcio Holdings
(Proprietary) Limited.
John Newbury has been appointed as independent non-executive director. John is a
vastly experienced industrialist whose expertise has him serving on the boards
of and chairing a number of listed and unlisted companies. Companies chaired by
John include Tracker Network (Proprietary) Limited, Blue Bulls Company
(Proprietary) Limited, Sail Group Limited and Metropolitan Health Limited.
John`s business career spans 4 decades with a significant focus on the motor
industry. He served as chief executive of Nissan South Africa for 17 years,
until retirement in 2000. He purchased Kolbenco, Africa`s largest manufacturer
of automotive pistons in 2001. Other directorships have included Dorbyl Limited
and Kolbenco (Proprietary) Limited. John is a non-executive director at
MicroMega Limited and InVenFin (Proprietary) Limited.
Super Group is excited to have individuals of such high calibre to step into
these key positions. We believe they have much to contribute as members of our
leadership team. The Board congratulates them on their appointment and wishes
them every success.
The appointment of a new chairman is currently being considered by the Board.
The Board has identified preferred candidates and an announcement will be made
imminently.
The Board will now be constituted as follows:
Phillip Vallet Non-executive deputy chairman
Valentine Chitalu Non-executive independent director
David Rose Non-executive independent director
Neil Davies Non-executive independent director
John Newbury Non-executive independent director
Peter Mountford Chief executive officer
Jonty Jankovich-Besan Chief financial officer
The composition of the board sub-committees will be considered and communicated
to shareholders in due course.
Sandton
02 November 2009
Sponsor: Deutsche Securities (SA) (Pty) Limited
Date: 02/11/2009 17:40:28 Produced by the JSE SENS Department.
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