WEA - WG Wearne Limited - Changes to the board of directors
WEA
WEA
WEA - WG Wearne Limited - Changes to the board of directors
WG WEARNE LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1994/005983/06)
JSE code: WEA
ISIN: ZAE000078002
("Wearne" or "the company")
CHANGES TO THE BOARD OF DIRECTORS
Following a meeting of the Board of Directors of Wearne ("the board") on 7
December 2011, the board hereby announces the following changes to its
composition as required in terms of section 3.59 of the JSE Listings
Requirements:
The board has terminated its agreement with Sirys Investments (Pty) Ltd for
the turnaround and interim management of the company and accordingly Mr Rob
Devereux has resigned as Chief Executive Officer with immediate effect.
Mr John Wearne (currently a non-executive director) will, in the interim,
assume the role of executive chairman until a full-time Chief Executive
Officer is appointed.
Mr Mitesh Patel, the lead independent non-executive director, will preside
at all board meetings for as long the abovementioned circumstances exist.
Mr Wessel van der Merwe has been appointed to the board with immediate
effect as a non-executive director.
Randburg
9 December 2011
Designated Adviser
Vunani Corporate Finance
Date: 09/12/2011 16:06:39 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 has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
