SOV - Sovereign Food Investments Limited - Temporary restructuring of the
SOV
SOV
SOV - Sovereign Food Investments Limited - Temporary restructuring of the
Sovereign board of directors ("BOARD")
SOVEREIGN FOOD INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
Registration Number 1995/003990/06
JSE Code: SOV ISIN Number: ZAE000009221
("Sovereign" or "the Company")
TEMPORARY RESTRUCTURING OF THE SOVEREIGN BOARD OF DIRECTORS ("BOARD")
Sovereign shareholders are referred to the announcement published by the Company
on 30 August 2011 regarding the changes to the Board. As a result of Mr Mike
Davis having stepped down as Chief Executive Officer, the Board has resolved to
undergo a temporary restructuring ("Restructuring") with immediate effect.
In terms of the Restructuring Mr Charles Davies, currently Sovereign`s Non-
executive Chairman, will assume the role of Executive Chairman and Mr Litha
Nyhonyha, currently a Non-executive Director, will be appointed as the Board`s
Lead Independent Director until such time as a new Chief Executive Officer is
appointed.
The Restructuring has been performed so as to allow Mr Davies to further assist
Sovereign`s executive management team whilst ensuring that the principles of
good corporate governance are maintained.
Port Elizabeth
30 September 2011
Sponsor: One Capital
Date: 30/09/2011 08:30:01 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
