SIM - Simmer & Jack Mines Limited - Resignation of Ms Gugu Msibi from The
SIM
SIIF
SIM - Simmer & Jack Mines, Limited - Resignation of Ms Gugu Msibi from The
Simmers 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")
RESIGNATION OF MS GUGU MSIBI FROM THE SIMMERS INTERIM BOARD OF DIRECTORS
In compliance with paragraph 3.59 of the Listings Requirements of JSE Limited
shareholders are advised that the chairman of the Simmers interim board of
directors has received and accepted the resignation of Ms Gugu Msibi with
immediate effect.
Ms Msibi, a current director of Ernst & Young, has today, 18 December 2009,
informed the chairman of Simmers that Ernst & Young audits companies in the
Vulisango Holdings (Pty) Limited ("Vulisango") group. Vulisango holds 22 per
cent of the issued shares in Simmers through its subsidiary Xelexwa Investment
Holdings (Pty) Limited. Ms Msibi is therefore precluded from fulfilling her role
as an independent non-executive director on the Simmers interim board due to
Ernst & Young`s internal policies to maintain strict audit independence and it
is with regret that she tenders her resignation.
Johannesburg
18 December 2009
MACQUARIE FIRST SOUTH ADVISERS (PTY) LIMITED
Sponsor
Date: 18/12/2009 17:16:42 Produced by the JSE SENS Department.
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