WTL - William Tell Holdings Limited - Appointment of non-executive director and
WTL
WTL
WTL - William Tell Holdings Limited - Appointment of non-executive director and
removal of Chief Executive Officer
WILLIAM TELL HOLDINGS LIMITED
Incorporated in the Republic of South Africa)
Registration Number: 2004/030045/06)
JSE Code: WTL ISIN: ZAE000098133
("William Tell" or "the Company")
APPOINTMENT OF NON-EXECUTIVE DIRECTOR TO THE BOARD
Shareholders are advised that Mr. Clyde David Lok ("Clyde") has been appointed
as a non-executive director of William Tell ("the Board") with immediate effect.
Clyde qualified as a chartered accountant in 1972, has not practiced as such,
but has been involved in a number of companies since 1976 as an executive
director and major shareholder. The two most prominent companies Clyde has been
involved with recently include Dunlop Industrial Products (Pty) Limited
(executive director & shareholder) and as a non executive director of Nenana
Management Services (Pty) Ltd which is the local holding company of the German
Rema Tip Top group of companies.
The Board extends a warm welcome to Clyde and looks forward to his valued
contribution in the future.
TERMINATION OF EMPLOYMENT AND REMOVAL AS A DIRECTOR OF THE CHIEF EXECUTIVE
OFFICER
Shareholders are advised that the Board resolved on Thursday 7 April 2011 to
remove Mr. Barry Philip Lok ("Barry") as chief executive officer and as a
director of the Company with effect 08:00 today, 8 April 2011. Mr. Ralph
Patmore, the independent non-executive chairman of the Board, will act as
interim chief executive officer until a new appointment has been made.
The Board would like to thank Barry for his valued contributions to the Company.
Johannesburg
8 April 2011
Designated Advisor: PSG Capital (Proprietary) Limited
Date: 08/04/2011 09:52:03 Produced by the JSE SENS Department.
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