| Tue 15 Jun 2010, 13:03 | | SIM - Simmer & Jack Mines Limited - Simmers appoints Marius Saaiman as CFO |
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SIM
SIIF
SIM - Simmer & Jack Mines, Limited - Simmers appoints Marius Saaiman as CFO
Simmer & Jack Mines, Limited
(Incorporated in the Republic of South Africa)
(Registration number 1924/007778/06)
Share code: SIM ISIN Code: ZAE000006722
("Simmers")
SIMMERS APPOINTS MARIUS SAAIMAN AS CFO
In compliance with paragraph 3.59 of the Listings Requirements of JSE Limited,
shareholders are advised that Simmers has appointed Marius Saaiman as Chief
Financial Officer effective 1 July 2010, as the permanent replacement for
interim CFO Robert Cowley. Mr. Saaiman joins Simmers from Macquarie First
South Advisors where he fulfilled the role of Managing Director of the
Resources Mergers and Acquisitions team.
CEO, Nico Schoeman commented, "After an extensive search, I`m delighted to
announce Marius`s appointment. He brings a wide range of skills and experience
to our executive team which will assist us to grow and develop Simmers into a
mid-tier gold producer."
Marius Saaiman commented, "The Board has made some incisive and tough decisions
over the past few months to lay strong foundations for the future. I thank the
Board for their confidence in me and with their continued support I believe that
we are set to build a company intent on the creation of shareholder value."
Mr Saaiman, 38, studied BCom majoring in accounts and audits at the Rand
Afrikaans University, followed by the completion of an Honours degree in BCom.
He successfully concluded his Chartered Institute of Management Accountants
final exam and is a member of the South African Institute of Chartered
Accountants (SAICA). In his most recent role at Macquarie, Mr Saaiman was
responsible for coverage of the resource sector as well as advising on M&A
within this sector. He previously held positions as an Investment Advisor at
African Global Capital and as the head of the Corporate Finance and Treasury at
Kumba Iron Ore Limited. Before this, he was vice president in the Corporate
Finance Department at Anglo American plc, where he advised Anglo on the De Beers
empowerment transaction, the Tongaat Hulett Limited unbundling and listing of
Hulamin Limited and on the merger of its sugar interests in Zimbabwe. He also
advised Mondi on its empowerment transactions in South Africa with Shanduka
Resources.
Johannesburg
15 June 2010
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 15/06/2010 13:03:02 Produced by the JSE SENS Department.
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