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MML
MML
MML - Metmar Limited - Changes to board of directors
METMAR LIMITED
Incorporated in the Republic of South Africa
(Registration number 1998/007269/06)
Share code: MML
ISIN code: ZAE000078747
("Metmar" or "the Company")
CHANGES TO BOARD OF DIRECTORS
In accordance with paragraph 3.59 of the JSE Limited Listings Requirements,
shareholders are advised of the following changes to its board of directors
("Board") in terms of its corporate reorganisation which took effect on 1
March 2011:
- Mrs Molleen de Wet will stand down as CFO of the Company on 1 October
2011 and focus on her responsibility as CFO of Metmar Trading (Pty)
Limited, which is the foundation of the Group`s activities and has shown
extensive growth since the listing of Metmar in 2006. The Board extends
its heartfelt gratitude to Mrs de Wet for the critical role she has
played in Metmar`s growth to date and looks forward to her continued
contribution to the Company in the future.
- Mr Glen Forsdyke will retire from Metmar and step down from the board
with effect from 31 October 2011. Having sold SNF International to the
Company in 1999, he joined Metmar and was instrumental in building a
highly successful plastics and polymer trading division within the
Company. A seamless succession has been ensured as these operations have
been consolidated into Metmar Polychem. This division has been under the
leadership of Brent Hean since 1 March 2011. The board thanks Mr Forsdyke
for his significant contribution to the growth of Metmar, and
specifically the polymer and plastics division and wishes him well in the
future.
- Mr Sizwe Nkosi has been appointed as the new CFO of Metmar with effect
from 1 October 2011. Mr Nkosi is a CA (SA) and holds an MBA. He has in
excess of 15 years` experience including financial management and
commodity marketing in resources and financial services companies in
South Africa. He joins the Company from Sekoko Coal/Firestone Energy
where as Vice President he was responsible for downstream projects and
commodities marketing. In addition to his responsibility as CFO of the
Company, Mr Nkosi will fulfill the duties of CFO for Metmar Investments
and Resources.
- Mrs Dawn Earp has been appointed as an independent non-executive director
of the Company and a member of its audit and risk committee with effect
from 1 October 2011. Mrs Earp is a CA (SA) and has held executive finance
positions in several Anglo American companies over an 18 year period
before joining Implats as Director of Finance in 2007. Mrs Earp is
currently the Financial Director of Rand Refinery and is a non-executive
director of Teba.
The Board welcomes Mr Nkosi and Mrs Earp and looks forward to a long and
productive engagement with them.
Bryanston
26 September 2011
Sponsor
One Capital
Date: 26/09/2011 11:00:01 Produced by the JSE SENS Department.
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