| Fri 30 Mar 2012, 12:20 | | MNY - Moneyweb Holdings Limited - Change of Status of Directors of the Board |
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MNY
MNY
MNY - Moneyweb Holdings Limited - Change of Status of Directors of the Board
MONEYWEB HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1998/025067/06)
JSE code: MNY
ISIN: ZAE000025409
("the company")
CHANGES TO THE BOARD OF DIRECTORS
Shareholders are advised that as from 1 April 2012, the founder of the business,
Mr Alec Hogg, currently an executive director, will be appointed as CEO of
Moneyweb. The current CEO, Dr Andrew Smith, who is based abroad, will remain an
executive director until 30 June 2012. Dr Smith has been involved with Moneyweb
since its listing in 1999, for most of the period as non-executive chairman. In
the past two years he fulfilled a valuable role, during which time the company
substantially refocused and increased the scale and depth of its platforms and
turnover, particularly following the successful launch of looklocal.
The Current financial director and company secretary, Mr John Donnelly, who also
resides abroad, has played an important stabilisation role. He will relinquish
his duties on June 30, 2012 in favour of a locally-based financial director and
company secretary who will be appointed at that time.
The directors of Moneyweb wish to express their sincere appreciation for the
invaluable contribution of Dr Smith and Mr Donnelly.
Johannesburg
30 March 2012
Designated Adviser
Vunani Corporate Finance
Date: 30/03/2012 12:20:02 Produced by the JSE SENS Department.
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