| Fri 3 Dec 2010, 12:38 | | VIF - Vividend Income Fund Limited - Appointment to the board of directors |
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VIF
VIF
VIF - Vividend Income Fund Limited - Appointment to the board of directors
Vividend Income Fund Limited
Previously known as Business Venture Investments No 1381 (Proprietary) Limited
Incorporated in the Republic of South Africa
(Registration Number 2010/003232/06)
JSE Alpha Code: VIF
ISIN: ZAE000150918
("Vividend" or "the Company")
APPOINTMENT TO THE BOARD OF DIRECTORS
In accordance with rule 3.59(a) of the Listings Requirements of the JSE Limited,
linked unitholders of the Company are hereby advised that Gavin Rabinowitz has
been appointed as a non-executive director of the Company, and Alan Witt has
been appointed as non-executive alternate director to Bruce Rubenstein, both
appointments being with immediate effect.
Gavin is one of the founders of the Credo Group of companies based in London,
England("Credo") and managing director of Credo Property Group. Gavin has a BA
LLB from University of the Witwatersrand and is an admitted attorney of the High
Court of South Africa. He has an LLM in International Finance from the London
School of Economics and is qualified as a solicitor in England and Wales. Prior
to joining Credo, Gavin was a partner and head of the real estate group at
Nabarro Nathanson, one of the major real estate law firms the United Kingdom.
Gavin spent two years at Weil Gotshal and Manges in New York specialising in
real estate finance, securitisations and restructuring transactions.
At Credo Gavin is responsible for building and managing a real estate portfolio
in excess of 1 billion pounds with assets in the UK, France Germany and
Switzerland. Gavin has experience in sourcing, structuring, acquiring, managing
and disposing of real estate assets on an international basis.
Alan is an executive director of Vestacor Limited ("Vestacor"), a private equity
and investment business focused primarily on the retail and property sectors.
Alan is also a non-executive director on the boards of Vestacor Properties
(Proprietary) Limited, Stuttafords Stores (Proprietary) Limited and Vestacor
Holdings (Proprietary) Limited. Alan is primarily responsible for profit
optimisation, operational efficiency and process implementation within the
various investments held within the Vestacor group of companies. Alan holds an
Electrical Engineering degree (BSc Elec Eng) from the University of the
Witwatersrand.
The board welcomes the appointments of Gavin as director and Alan as alternate
director, and looks forward to their valued contribution.
3 December 2010
Sponsor
PSG Capital (Pty) Limited
Date: 03/12/2010 12:38:01 Produced by the JSE SENS Department.
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