Accord Technologies Limited
("Accord")
A suspensive condition of the disposal of the Pactel business is that Mr. Larry
Wainstein enters into a five year service agreement with the purchasers of the
business. This suspensive condition has been met and accordingly Mr Wainstein
has resigned as a Director of Accord with effect from 2 March 2001.
Following the disposal of the Pactel and Car Audio businesses, and the
subsequent group restructuring, Mr Mark Gregg-Macdonald has also tendered his
resignation as a Director with effect from 2 March 2001.
The remaining directors on the Accord board are as follows:
- B. Saldsman;
- L. Aronson;
- L. Michel
- I. Hasson; and
- H Hasson;
Cape Town
2 March 2001
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