MYD - Myriad - Implementation of the acquisition of Litha Healthcare Holdings
MYD
MYD
MYD - Myriad - Implementation of the acquisition of Litha Healthcare Holdings
(Proprietary) Limited ("Litha Healthcare") and change to board of directors
MYRIAD MEDICAL HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2006/006371/06)
Share code: MYD
ISIN Code: ZAE000085825
("Myriad" or "the group")
IMPLEMENTATION OF THE ACQUISITION OF LITHA HEALTHCARE HOLDINGS (PROPRIETARY)
LIMITED ("LITHA HEALTHCARE") AND CHANGE TO BOARD OF DIRECTORS
Shareholders are referred to the various announcements in relation to the
acquisition by Myriad of a 51% interest in Litha Healthcare (the "acquisition")
and are advised that the acquisition has been implemented today, 4 May 2010.
Pursuant to the implementation of the acquisition the following changes have
been made to the board of directors of Myriad:
- Selwyn Kahanovitz has been appointed Chief Executive Officer;
- Morena Makhoana has been appointed Deputy Chief Executive Officer;
- Martin Kahanovitz has been appointed Chief Financial Officer;
- William Marshall-Smith who was previously the Chief Executive Officer is
now a Non-executive Director;
- Nkululeko Sowazi has been appointed Non-Executive Director;
- Mandi Mzimba has been appointed an Independent Non-Executive Director;
- Eric Lucky Senamolele has resigned from the board of directors;
- Barry Budler has resigned from the board of directors but remains an
executive of the company and will continue to fulfil a key financial role
for the group; and
- Andrew D Bonamour remains on the board of directors as Non-
Executive Chairman.
The directors thank Lucky and Barry for their services on the board of
directors.
4 May 2010
Sponsor
Java Capital (Proprietary) Limited
Date: 04/05/2010 17:23:01 Produced by the JSE SENS Department.
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