| Fri 11 Dec 2009, 7:05 | | SIM - Simmer & Jack Mines Limited - Simmers Appoints Interim Board Of Directors |
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SIM
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SIM - Simmer & Jack Mines, Limited - Simmers Appoints Interim Board Of Directors
Simmer & Jack Mines, Limited
(Incorporated in the Republic of South Africa)
(Registration number 1924/007778/06)
Share code: SIM
ISIN Code: ZAE000006722
("Simmers" or the "company")
SIMMERS APPOINTS INTERIM BOARD OF DIRECTORS
In compliance with paragraph 3.59 of the Listings Requirements of JSE Limited
shareholders are advised that Simmers has appointed the following persons as
independent non-executive directors on the Simmers board:
- Mr Colin Brayshaw - Chairman of Metmar Limited, a member of the South
African Institute of Chartered Accountants and FICA of England and Wales
and a former director of AngloGold Ashanti Limited and Anglo Platinum
Limited
- Mr Ralph Havenstein - former Chief Executive Officer of Norilsk Nickel
International, former Vice President of the Chamber of Mines` Executive
Council and former Chief Executive Officer of Anglo Platinum Limited
- Mr Vusi Khanyile - Chairman of Thebe Investments
- Ms Gugu Msibi - Director: Head of Public Sector in South Africa - Advisory
Services at Ernst & Young South Africa and co-founder and former executive
director of Spin Media
- Dr Nick Segal - Extraordinary professor at the Gordon Institute of Business
Science (GIBS) of the University of Pretoria, director of TEBA Limited,
former director of the UCT Graduate School of Business, former President of
the Chamber of Mines and a former director of JCI Limited, Kumba Resources
Limited and Anglovaal Limited
Deon van der Mescht, the current Managing Director of Simmers` gold operations
and former head of DRDGold`s South African operations has been appointed as an
executive director.
The Simmers interim board intends to approach the company`s 22% shareholder,
Xelexwa Investment Holdings (Pty) Limited, to nominate two further independent,
non-executive directors.
Following the aforementioned changes, the Simmers interim board now comprises
the following directors:
- Independent non-executive directors: Messrs Colin Brayshaw, Nigel Brunette
(Chairman), Ralph Havenstein, Vusi Khanyile, Adrian Meyer, Ms Gugu Msibi
and Dr Nick Segal
- Executive directors: Messrs John Berry, Gerhard Jacobs (Chief Financial
Officer and financial director), Gordon Miller (Chief Executive Officer)
and Deon van der Mescht
The interim board will formally convene early in the new year whereupon Simmers
Chief Executive Officer Gordon Miller and Chairman Nigel Brunette will step
down, the interim board will elect a chairman and Mr van der Mescht will be
appointed acting Chief Executive Officer. At this meeting the interim board will
resolve to convene a general meeting of Simmers shareholders to seek approval
for the new board which with the mandate of the shareholders will lead the
company.
For further information, please contact:
Byron Kennedy / Clemmie Raynsford Brunswick
Telephone +27 11 502 7400
Melanie de Nysschen / Thembeka Mgoduso Macquarie First South Advisers
Telephone +27 11 583 2000
Nick Goodwin Simmers
Investor Relations Executive
Mobile +27 83 629 8605
E-mail nick@simmers.co.za
Gail Strauss Simmers
Group Communications
Mobile +27 82 936 8481
E-mail gail@simmers.co.za
Johannesburg
11 December 2009
Corporate adviser and Sponsor
Macquarie First South Advisers (Pty) Ltd
Date: 11/12/2009 07:05:14 Produced by the JSE SENS Department.
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