| Fri 30 Mar 2012, 12:21 | | MNY - Moneyweb Holdings Limited - Media Announcement 30 March 2012 |
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MNY
MNY
MNY - Moneyweb Holdings Limited - Media Announcement 30 March 2012
MONEYWEB HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1998/025067/06)
JSE code: MNY
ISIN: ZAE000025409
("the company")
MEDIA ANNOUNCEMENT 30 MARCH 2012
The board of Moneyweb Holdings has resolved to restructure its executive
management.
As from April 1, the founder of the business, Alec Hogg, will be re-appointed
CEO, a position he held from inception in 1997 until 2010. Current CEO Andrew
Smith will remain an executive director of the company until 30 June, 2012. Dr
Smith, who is based abroad, 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.
Current financial director 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 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.
Designated Adviser
Vunani Corporate Finance
Date: 30/03/2012 12:21:00 Produced by the JSE SENS Department.
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