LABAT AFRICA LIMITED - Change to the board of directors
LAB 201308260001A
Change to the board of directors
LABAT AFRICA LIMITED
Incorporated in the Republic of South Africa
(Registration number 1986/001616/06)
JSE code: LAB ISIN: ZAE000018354
(“Labat” or “the company”)
CHANGE TO THE BOARD OF DIRECTORS
In compliance with paragraph 3.59 of the Listings Requirements
of JSE Limited, the board of directors of Labat hereby notifies
its shareholders that Mr D Lupungela has been removed as an
Independent Non-Executive Director with effect from date hereof.
The reasons for his removal relate to inter alia;
- that he has not attended board meetings regularly,
- he has failed to responded to urgent communications from the
Chief Executive Officer regarding critical company issues,
including his proposed removal as a director,
- he has not made himself available for attending to normal
directors duties such as making himself available for the
various statutory committees, etc.
The necessary documentation will be lodged with CIPC.
The Company will appoint a new independent non-executive
director to fill the casual vacancy as soon as practicable.
Johannesburg
26 August 2013
Sponsor
Arcay Moela Sponsors (Pty) Ltd
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