| Thu 3 Feb 2011, 13:28 | | BIK - Brikor Limited - Withdrawal of interim results/Appointment of new |
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BIK
BIK
BIK - Brikor Limited - Withdrawal of interim results/Appointment of new
designated adviser/Changes to the board of directors
Brikor Limited
(Incorporated in the Republic of South Africa)
(Registration number 1998/013247/06)
(JSE code: BIK ISIN: ZAE000101945)
("Brikor" or "the company")
- WITHDRAWAL OF INTERIM RESULTS
- APPOINTMENT OF NEW DESIGNATED ADVISER
- CHANGES TO THE BOARD OF DIRECTORS
1. Withdrawal of interim results
A round robin resolution of Brikor`s Board of Directors, authorising the
publication of Brikor`s interim results for the six month period ended 31
August 2010 ("interim results") was not signed by all the directors over
the festive season, as required by Brikor`s Articles. The publication of
the interim results are accordingly hereby withdrawn.
At a directors` meeting held on Friday, 21 January 2011, the interim
results and the publication thereof were approved in accordance with
Brikor`s Articles by the Board of Directors. It is expected that the
interim results will be released shortly together with a current
independent auditors` report. The financial information contained in the
interim results will not differ from the previously published interim
results.
2. Appointment of Designated Advisor
Shareholders are referred to the announcement released on SENS on Monday,
24 January 2011 by Brikor`s previous Designated Advisor, Vunani Corporate
Finance ("the Vunani announcement"), after its mandate as Designated
Advisor had already been terminated and without consulting with or
reporting to Brikor.
Exchange Sponsors (2008) (Pty) Ltd has been appointed as the new
Designated Advisor of Brikor.
3. Changes to the Board of Directors
In compliance with section 3.59 of the Listings Requirements of the JSE
Limited, notification is hereby given that Rynhardt van Rooyen and Jim H
Wood have been appointed as Independent Non-Executive Directors to the
Brikor Board of Directors with effect from 21 January 2011.
Rynhardt is a Chartered Accountant with a BCompt Honours degree. He
retired in November 2008 after 32 years service at Sasol. At retirement
he was a member of the Sasol Group Executive Committee, a Director of
most of the major Sasol subsidiaries and a member of their Audit
Committees. He was also a trustee of the Sasol Pension Fund, and a member
of the Sasol Pension Fund Audit and Investment Committees. He is
currently a Director and member of the Audit Committees of Reunert
Limited and Alert Steel Holdings Limited. He is also a trustee of the
Sasol Pension Fund and a member of the Sasol Pension Fund Audit and
Investment Committees.
Jim obtained a H.N.C. certification in construction in the UK, majoring
in Quantity Surveying and Estimating and endorsed with Structural
Engineering. He also has completed the Programme for Management
Development at Harvard University and is currently a member of the South
African Institute of Builders. He was Managing Director and later
Chairman of the Steeledale Group and later became Chairman of LTA Process
Engineering. He also assisted Murray & Roberts with some industrial
operations and performed the role of Managing Director and Chairman on
the Boards of various companies in the Murray & Roberts Group. Jim also
represented Murray & Robberts in the Gautrain negotiations in respect of
the Bombela operational aspects and was Chairman of Bombela Operations
prior to retirement.
The Brikor board of directors would like to welcome Rynhardt and Jim and
look forward to their contributions.
03 February 2011
Johannesburg
Designated Advisor
Exchange Sponsors
Date: 03/02/2011 13:28:01 Produced by the JSE SENS Department.
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