VKE - Vukile Property Fund Limited - Change to the board of directors
VKE
VKE
VKE - Vukile Property Fund Limited - Change to the board of directors
Vukile Property Fund Limited
(Incorporated in the Republic of South Africa)
(Registration number 2002/027194/06)
ISIN: ZAE000056370
JSE Share code: VKE
NSX Share code: VKN
("Vukile" or "the company")
CHANGE TO THE BOARD OF DIRECTORS
In compliance with paragraph 3.59 of the JSE Limited Listings Requirements, the
following information is disclosed:
Unitholders are advised that Mr Laurence Rapp has been appointed as executive
director and Chief Executive Officer ("CEO") of Vukile with effect from 1 August
2011. Mr Rapp`s appointment follows Mr Gerhard van Zyl`s resignation announced
on 28 May 2010 which was effective on 31 March 2011. Mr van Zyl`s term was
extended with the company, by mutual agreement with the board, until a new CEO
was appointed. Mr van Zyl leaves Vukile at the end of July 2011.
Laurence Rapp has extensive experience in the financial services environment,
spanning investment banking, private equity, retail banking and insurance and
asset management. For the past nine years, he has been a director of Standard
Bank, most recently as the head of the Insurance and Asset Management division
and, prior to that, in charge of the Strategic Investments and Alliances
division. The board welcomes the opportunity to have an executive with his
experience leading Vukile.
The board wishes to express its sincere appreciation to Mr van Zyl as a director
and chief executive in particular for his efforts and contribution to Vukile`s
success.
Roodepoort
26 May 2011
JSE sponsor: One Capital
NSX sponsor: IJG Securities (Pty) Ltd
Date: 26/05/2011 10:00:01 Produced by the JSE SENS Department.
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