SYC - Sycom Property Fund - - Change to the board of directors
SYC
SYC
SYC - Sycom Property Fund - - Change to the board of directors
Sycom Property Fund
("Sycom" or "the Fund")
A Collective Investment Scheme in property registered in terms of the Collective
Investment Schemes Control Act, No. 45 of 2002 and managed by Sycom Property
Fund Managers Limited ("SPFM")
(Registration number 1986/002756/06)
JSE Share code: SYC & ISIN: ZAE000019303
CHANGE TO THE BOARD OF DIRECTORS
In accordance with Section 3.59 of the JSE Limited Listings Requirements in
Respect of a change to the board of directors, Sycom unitholders are advised
That Mr Sello Moloko has been appointed as an independent non-executive chairman
of Sycom Property Fund Managers Limited ("SPFM"), the management company of
Sycom, with effect from 29 March 2010.
The board of SPFM is pleased to announce the appointment of Sello Moloko to the
board. Sello completed a BSc Honours degree and a PGCE at the University of
Leicester in England and the Advanced Management Program (AMP) at The Wharton
School at the University of Pennsylvania. He began his career in the pensions
industry where he gained a wealth of actuarial consulting experience. He moved
on to establish a successful career in the asset management industry where he
became the deputy CEO of Brait Asset Managers and then CEO of Old Mutual Asset
Managers ("OMAM"). Sello left the Old Mutual group in August 2004 to pursue his
own business interests with the formation of Thesele Group, where he is
Executive Chairman.
Sello is currently the Chairman of Alexander Forbes, and a non-executive
director of Acucap Properties, the IDC, and General Reinsurance Africa. The
board welcomes him, and looks forward to his involvement in the Fund.
Johannesburg
29 March 2010
Sponsor
Nedbank Capital
Date: 29/03/2010 13:18:01 Produced by the JSE SENS Department.
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