OCT PMM
OCT PMM
PMM/OCT - Premium Properties Limited/Octodec Investments Limited - Changes to
the board of directors
Premium Properties Limited
(Incorporated in the Republic of South Africa)
(Registration number 1994/003601/06)
JSE share code: PMM ISIN: ZAE000009254
("Premium")
Octodec Investments Limited
(Incorporated in the Republic of South Africa)
(Registration number 1956/002868/06)
JSE share code: OCT ISIN: ZAE
("Octodec")
Linked unitholders are hereby advised that Mr Alec Wapnick has resigned from
the boards of both Octodec and Premium (the "Companies") as executive
Chairman, with effect from 30 September 2011. A visionary and exceptional man,
during his 55 years in the property industry, Mr Wapnick created amongst
others, Octodec and Premium, which have combined assets of c.R7 billion.
The Boards wish to express their profound gratitude and appreciation to the
Chairman for his immeasurable contribution to the growth and development of
the Companies. Mr Wapnick has been a guiding force within the Companies, whom
have benefited from his mentoring leadership and wise counsel. His passion,
integrity, fair and considered approach and his work ethic have been an
example to all with whom he has worked.
Jeffrey Wapnick who has made a tremendous contribution to the growth and
development of both Premium and Octodec in his capacity as Managing
Director of the Companies will continue in his current capacity.
Sharon Wapnick, who has been a non-executive on the boards of Octodec and
Premium since 1994, and who has a wealth of experience in the property
industry will assume the position of non-executive Chairman of Octodec and
Premium with effect from 1 October 2011.
Johannesburg
02 September 2011
Sponsor
Nedbank Capital
Date: 02/09/2011 12:24:02 Produced by the JSE SENS Department.
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