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PET
PET
PET - Petmin Limited - Petmin appointment and resignation of non-executive
directors
PETMIN LIMITED
Incorporated in the Republic of South Africa
Registration Number 1972/001062/06
Share Code JSE: PET & ISIN: ZAE000076014
Share Code AIM: PTMN
("Petmin" or "the Company")
PETMIN APPOINTMENT AND RESIGNATION OF NON-EXECUTIVE DIRECTORS
In terms of section 3.59 of the Listings Requirements of JSE Limited the Company
wishes to make the following announcement:
The Company has pleasure in announcing the appointment of Koosum Kalyan and
Millard Arnold as independent non-executive directors with effect from 1 March.
They will be replacing non-executive directors Piet Nel and Johan Strijdom. Mr
Nel retired from the board on 28 February 2011 and Mr Strijdom intends to retire
at the next AGM.
These changes are in line with the recommendations of King III and will support
Petmin in pursuing its global diversification and commodity focused expansion
strategy.
Brief CVs of Koosum Kalyan and Millard Arnold are set out below:
Ms Kalyan (54) is chairman of EdgoMerap (Pty) Ltd in London and holds a number
of directorships, including Standard Bank Group and the MTN Group. From 2000 to
2008, Ms Kalyan was Senior Business Development Manager: African Exploration Oil
and Gas of Shell International Exploration.
Mr Arnold (64) is Group Legal Council of Murray and Roberts. He is a senior
Fellow of the Gordon Institute of Business Science, a member of the Council of
the University of South Africa (UNISA) and a member of the UNISA Foundation. He
was previously executive chairman of Black and Veatch Africa and served the
government of the United States as its first Minister Counsellor of Commercial
Affairs for the South Africa region.
Commenting on the two appointments, Petmin`s Chairman, Ian Cockerill said, "We
are delighted that Koosum and Millard have agreed to serve as independent non-
executive directors on our Board. Koosum and Millard are highly respected
individuals, with impressive backgrounds and experience that will add to the
depth and breadth of skills on our Board. We are confident that they will make a
valuable contribution to Petmin during this exciting growth phase of the
company."
In addition to the two appointments above, Petmin has established a Technical
Advisory Committee to enhance risk management processes across the Group. The
committee is tasked with providing Petmin with independent technical advisory
and operational audit services. Mr Nel resigned as a director on 28 February
2011 to take up the position as chairman of Petmin`s Technical Advisory
Committee.
Petmin Chairman, Ian Cockerill paid tribute to Mr. Nel and thanked him for his
contribution to the company, particularly in its formative years. He noted that
Petmin is pleased to retain Piet`s invaluable knowledge and experience on the
Technical Advisory Committee.
Johannesburg
01 March 2011
Queries:
Bradley Doig (COO)
+ 27 11 706 1644
+27 82 459 7818
Nominated Advisor (AIM)
Numis Securities Limited
John Harrison
+44 207 260 1000
Sponsor and Corporate Advisor (JSE)
River Group
Andrew Lianos
+27 834 408 365
Date: 02/03/2011 07:05:34 Produced by the JSE SENS Department.
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