ABO - Absolute - New Board of directors for Bauba Platinum Limited
ABO
ABO
ABO - Absolute - New Board of directors for Bauba Platinum Limited
ABSOLUTE HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1986/004649/06)
Share code: ABO & ISIN No: ZAE000144267
("Absolute" or "the Company")
NEW BOARD OF DIRECTORS FOR BAUBA PLATINUM LIMITED
Pursuant to the SENS announcements released on 15 February 2010 and 17 May 2010,
detailing the proposed acquisition by Absolute of an effective 60% controlling
interest in Bauba A Hlabirwa Mining Investments (Proprietary) Limited ("Bauba"),
which will transform the Company into a junior miner and explorer with its main
focus on the development of a potentially large platinum resource base, there
will be a change in control, together with a restructuring of the board of
directors.
Accordingly, Absolute (to be renamed Bauba Platinum post the transaction) is
pleased to announce the new directors of its reconstituted board:
- Jonathan Best (#) (Chairman) - Ex-CFO of AngloGold Ashanti
- Pine Pienaar (CEO) - Ex-CEO of Mvelaphanda Resources
- Mark Rosslee (Financial Director) - Ex-CFO of Braemore Resources
- Kenneth Dicks (#)- Non-executive director of Harmony Gold and Gold One
International
- Sholto Dolamo (#) - Former head of Lonmin Platinum`s research and
development team for the precious metals refinery
- Dr Mathews Phosa - Non-executive director
(#)Independent Non-executive director
The appointments are subject to the approval of shareholders at the Company`s
General Meeting to be held on 7 June 2010.
For further information please contact Mark Rosslee (083 308 8000), Pine Pienaar
(083 297 5886) or Dennis Tucker (082 492 4957).
Johannesburg
18 May 2010
Corporate advisor Sponsor
Qinisele Resources Arcay Moela
(Pty) Limited Sponsors (Pty)
Limited
Date: 18/05/2010 07:47:21 Produced by the JSE SENS Department.
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