| Mon 5 Sep 2011, 17:25 | | 1TM - 1time holdings Limited - Changes to the board of directors |
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1TM
1TM
1TM - 1time holdings Limited - Changes to the board of directors
1time holdings Limited
Incorporated in the Republic of South Africa
(Registration number 1999/017536/06)
Share code: 1TM ISIN: ZAE000102026
("1time" or "the Company" or "the Group")
CHANGES TO THE BOARD OF DIRECTORS
In compliance with paragraph 3.59 of the Listings Requirements of JSE Limited,
the board of directors of 1time ("the Board") hereby notifies its shareholders
that Mr Khaya Sikosana, Ms Selemeng Mokose, Mr Brandon Topham and Mr Rinesh
Ramkissoon have been appointed to the Board with effect from 2 September 2011.
Functions of the new directors:
Mr Khaya Sikosana CA(SA) - independent non-executive director;
Ms Selemeng Mokose BA(LLB) - independent non-executive director;
Mr Brandon Topham BProc (LLM), CA(SA), Adv. Cert. Taxation, ACMA, CFE -
independent non-executive director; and
Mr Rinesh Ramkissoon B.Sc Engineering (Mechanical) - executive director and CEO
of Safair Technical (Proprietary) Limited.
Further, the Board hereby notifies its shareholders that the function of Mr
Blacky Komani has changed from that of non-executive director to Group CEO, with
effect from 1 October 2011, replacing Mr Glenn Orsmond who has resigned with
effect from 1 October 2011, but will serve in the Group Financial Director
position until November while a suitable replacement is found. The board wishes
Glenn well in his future endeavours and thanks him for his contribution to the
company.
The Board welcomes Khaya, Selemeng, Brandon and Rinesh and looks forward to
their contribution to the Company. The Board further congratulates Blacky on his
appointment as Group CEO.
Johannesburg
5 September 2011
Sponsor
Merchantec Capital
Date: 05/09/2011 17:25:01 Produced by the JSE SENS Department.
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