| Wed 21 Sep 2011, 12:33 | | ACE - Accentuate Limited - Change to the board of directors and change of |
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ACE
ACE
ACE - Accentuate Limited - Change to the board of directors and change of
company secretary
Accentuate Limited
(Incorporated in the Republic of South Africa)
(Registration number: 2004/02969/06)
Share code: ACE ISIN: ZAE000115986
("Accentuate" or "the company")
CHANGE TO THE BOARD OF DIRECTORS AND CHANGE OF COMPANY SECRETARY
In accordance with paragraph 3.59 of the Listings Requirements of the JSE
Limited, Accentuate is pleased to announce the further strengthening of the
board through the appointment of two Independent Non-Executive Director`s
namely, Mr. Ralph Patmore and Mr. Eric Ratshikhopa to the board.
Ralph Patmore is appointed as Lead Independent Non-Executive Director. He has an
impeccable management career in South African industry, having most recently
served as the Chief Executive Officer of Iliad Africa Ltd for 10 years, stepping
down in 2008. This experience in the building material supply area will be
critical to Accentuate as the company moves forward to capture additional market
share. Ralph currently holds Non-Executive Directorships on four other listed
companies on the Johannesburg Stock Exchange. His experience, not only of
management, strategy, mergers and acquisitions and accounting matters, but also
his vast knowledge of the construction, building and retail environment, will
benefit Accentuate immensely.
Eric Ratshikhopa is appointed as an Independent Non-Executive Director. He
currently holds a number of directorships on foundations and serves on as a
trustee on a number of trusts. His background includes vast work experience in
the mining sector, having been involved in industrial relations, health and
safety, strategic management and corporate social investment. Eric Ratshikhopa
has worked in Gencor, Genmin, Billiton S.A and most recently as Corporate
Development Director at Xstrata. His wealth of experience in transformation,
stakeholder relations and community development as well as general management
practices will be a massive advantage to Accentuate.
Shareholders are also notified that Wesley Delport has resigned as company
secretary with effect from 20 September 2011. Paresh Sookha Dayah has been
appointed company secretary with effect from 20 September 2011.
Johannesburg
21 September 2011
Designated Adviser: Bridge Capital Advisors (Pty) Limited
Date: 21/09/2011 12:33:01 Produced by the JSE SENS Department.
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