| Thu 20 Jan 2011, 17:34 | | MCU - m Cubed Holdings Limited - Changes to the board of directors |
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MCU
MCU
MCU - m Cubed Holdings Limited - Changes to the board of directors
m Cubed Holdings Limited
Incorporated in the Republic of South Africa
(Registration number: 1998/014568/06)
Share code: MCU
ISIN: ZAE000033353
("m Cubed" or "the Company")
CHANGES TO THE BOARD OF DIRECTORS
In accordance with rule 3.59 of the Listings Requirements of the JSE Limited
("JSE"), shareholders are hereby advised of the following changes to the board
of directors of the Company:
Following a change in major shareholder, the following directors were
recommended and appointed to the board with immediate effect: Mr. Quinton
George, Mr. James Fitzpatrick and Mr. Stephen Black.
Mr. Chris Otto, non-executive chairman, has resigned from the board with
immediate effect and Mr. Murray Louw, lead independent director, has taken
over the role of non-executive chairman of the board.
A notice will be sent to shareholders in due course calling a general meeting
to vote on the new members of the board.
Shareholders are further advised that the Company has applied for the re-
instatement of its listing on the JSE, but that same was declined by the JSE
due to the fact that the Company has no continuing operations. A further
announcement will be made in due course setting out the strategy of the
Company going forward.
Background of new directors:
Quinton George ("Quinton")
Quinton is a registered financial advisor with the Financial Services Board
("FSB") in South Africa. He began his career in financial services when he
joined PG Portfolios (Pty) Limited, members of the South African Bond Market
Association. Thereafter, Quinton joined a South African Corporate member of
the Johannesburg Stock Exchange (JSE). Here he worked as portfolio manager and
developed a substantial private client base. Later, he joined Anglorand
Securities and initiated their online broking service with Sharenet. He played
a significant role in building the online business of the company.
On 1 September 2000, Quinton launched Trinity Holdings (Pty) Limited, an
investment management company registered with the FSB. Currently, Quinton is
the CEO of Trinity Asset Management.
Stephen Black ("Stephen")
Stephen completed his B.Comm degree at the University of Natal,
Pietermaritzburg. He has 8 years UK work experience. His first position was
with Barclay`s Bank in Jersey, Channel Islands. He then worked in London for
some of the major banking and insurance institutions - Deutsche Bank, Abbey
National Bank and Equitas. Currently he is the FD of the listed company White
Water Resources and is also running his own accounting consultancy firm, with
offices in Cape Town.
James Fitzpatrick ("James")
James is Key Individual and Portfolio Manager for Trinity Asset Management
("TAM"). TAM is a Cape Town based investment house that is registered with the
FSB. TAM is one of South Africa`s leading investment companies specialising in
resources and niche special opportunities. TAM clients range from pension
funds to high net worth individuals. James graduated from the University of
Cape Town and was awarded a Bachelor of Commerce in 2001 and has successfully
completed level 1 of CFA.
Cape Town
20 January 2011
Sponsor: PSG Capital
Date: 20/01/2011 17:34:01 Produced by the JSE SENS Department.
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