SIM - Simmer & Jack Mines Limited - Changes to the board of directors
SIM
SIIF
SIM - Simmer & Jack Mines, Limited - Changes to the board of directors
Simmer & Jack Mines, Limited
(Incorporated in the Republic of South Africa)
(Registration number 1924/007778/06)
Share code: SIM
ISIN Code: ZAE000006722
("the Company")
CHANGES TO THE BOARD OF DIRECTORS
In compliance with the JSE Limited Listings Requirements, the following
information is disclosed:
* Mr Valence Watson will resign from the board of directors of the
Company with effect from 14 December 2011.
* Mr Kevin Wakeford, currently an independent non-executive director of
the Company will assume the role of chairman of the board of directors
on the resignation of Mr Valence Watson.
* Mr Gareth Rees, currently an independent non-executive director of the
Company, will assume the role of chairman of the Audit Committee with
effect from 14 December 2011.
* Mr Daniel Watson (29) will be appointed as chief financial officer and
financial director of the Company with effect from 9 December 2011.
Mr Watson has a B.Comm (Financial Analysis) with majors in financial
analysis and investment management. He completed a PGDM (Accounting)
from the University of Cape Town in 2006. Mr Watson is currently the
business development manager at Vulisango Holdings (Pty) Limited,
responsible for monitoring the performance of Vulisango`s asset base.
* Ms Margaret Ndlovu (59) will be appointed as a non-executive director
of the Company with effect from 9 December 2011 as well as a member of
the Audit Committee. Ms Ndlovu has a BA in Social Sciences and
completed a Management Program at the Lincoln University. She is
currently the Talent Development Director at Barloworld Equipment and
also a director on the board of Zibula Exploration (Pty) Limited. Ms
Ndlovu is a minority shareholder in Vulisango who has a substantial
shareholding in Simmers.
Johannesburg
09 December 2011
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 09/12/2011 15:18:00 Produced by the JSE SENS Department.
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