| Thu 24 May 2012, 8:12 | | KAP - KAP International Holdings Limited - Appointment of Independentnon- |
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KAP
KAP
KAP - KAP International Holdings Limited - Appointment of Independentnon-
Executive Chairman, proposed change of name and appointment of Company Secretary
Non-Executive Chairman
KAP INTERNATIONAL HOLDINGS LIMITED
Incorporated in the Republic of South Africa
(Registration number 1978/000181/06Share code: KAP
ISIN: ZAE000059564
APPOINTMENT OF INDEPENDENTNON-EXECUTIVE CHAIRMAN, PROPOSED CHANGE OF NAME AND
APPOINTMENT OF COMPANY SECRETARY
NON-EXECUTIVE CHAIRMAN
In compliance with paragraph 3.59 of the Listings Requirements of the
JSE Limited, the Company hereby advises that Mr Jacob de Vos (Jaap)
du Toit (58) has been appointed as the Independent Non-executive Chairman
of KAP. Mr du Toit takes over from Mr Claas Edmund Daun (69) who has decided
to step down as Chairman after many years in which he successfully led and
built the original KAP businessesto the quality assets they are today.
Mr Daun will remain as a non-executive director of the Board. This change
to the Board, as well as the changes announced by KAPon 25 April 2012, follow
from the acquisition by KAP of the Steinhoff Industrial Assets with effect
from 2 April 2012, resulting in KAP becoming a subsidiary of Steinhoff
International Holdings Limited.The Board wishes to thank Mr Daun for the
exceptional role he has played and his contribution to the growth and
development of KAP since his appointment as Non-Executive Chairman in 2004.
The Board similarly congratulates Mr du Toit on his appointment and looks
forward to his leadership.
Mr du Toit is a Chartered Accountant (SA) and Chartered Financial Analyst
who has vast experience in the Financial Services Industry, having held
appointments as Financial Director of SMK Securities, Co-Founder member/
Director of PSG Group Limited and currently, Chairman of PSG Konsult Limited.
In addition, he holds memberships ofthe Fund Managers Association of SA,
the SA Institute of Stock Brokers and the Association of Investment Management
and Research Institute of CA`s. Against this background and experience,
the Board welcomes Mr du Toit`s appointment as a strategic step towards the
further growth of KAP.
PROPOSED NAME CHANGE
The Board further advises that it intends to change the name of KAP to "KAP
Industrial Holdings Limited" in line with the nature of its major assets.
This change of name will be proposed as a special resolution to KAP
shareholders at the next Annual General Meeting.
COMPANY SECRETARY
Shareholders are further advised that Mr Mark Balladon will step down as
Company Secretary of the Company and will be succeeded by a juristic
person,Steinhoff Africa Secretarial Services (Pty) Limited, whose directors are
competent and suitably qualified to act as Company Secretary.The Board thanks
Mr Balladon for his valuable contributionover a number of years.
By order of the Board
24 May 2012
Paarl
Sponsor
PSG Capital
Date: 24/05/2012 08:12:01 Produced by the JSE SENS Department.
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