| Tue 3 Jun 2014, 13:00 | | FAIRVEST PROPERTY HOLDINGS LIMITED - Appointment of new directors and resignation from the board of directors |
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FVT 201406030019A
Appointment of new directors and resignation from the board of directors
Fairvest Property Holdings Limited
Incorporated in the Republic of South Africa
(Registration number: 1998/005011/06)
Linked unit code: FVT
ISIN: ZAE000034658
(“Fairvest” or “the Company”)
APPOINTMENT OF NEW DIRECTORS
In accordance with paragraph 3.59 of the Listings Requirements
of the JSE Limited (“JSE”), linked unitholders of the Company
are hereby advised that Mr Ndabezinhle Mkhize (“Ndabe”) and Adv.
Jacob Daniel Wiese (“Jacob”) were on Monday, 2 June 2014
appointed as independent non-executive directors of the Company
with immediate effect.
Ndabe holds a BSc (Actuarial Science) degree from UCT and the
designations of Chartered Financial Analyst and Chartered
Alternative Investment Analyst. His experience includes
positions at Old Mutual, Prudential Portfolio Managers,
Coronation Fund Managers and STANLIB Asset Management. Recently,
Ndabe accepted a broader investment role as Deputy Chief
Investment Officer of the Eskom Pension & Provident Fund.
Jacob holds a BA (Value & Policy studies) degree from the
University of Stellenbosch, a Master’s degree in International
Economics and Management from Universita Commerciale Luigi
Bocconi in Italy and an LLB degree from the University of Cape
Town. In 2009 Jacob completed his pupilage at the Cape Bar and
was admitted as an Advocate of the High Court. Jacob serves as a
non-executive director of Pepkor Holdings, Invicta Holdings,
Digicore Holdings and Premier Foods and an alternate director of
Shoprite Holdings and Tradehold and is involved with the
management of Lourensford Wine Estate, one of South Africa’s
largest and most prestigious wine farms.
The Fairvest board welcomes the appointment of Ndabe and Jacob
and looks forward to their contributions to the Company.
RESIGNATION FROM THE BOARD OF DIRECTORS OF THE COMPANY
In accordance with paragraph 3.59 of the Listings Requirements
of the JSE, linked unitholders of the Company are hereby advised
that Mr Pieter van der Merwe (“Pieter”) has resigned as lead
independent non-executive director of Fairvest with effect from
2 June 2014.
The Fairvest board wishes to thank Pieter for his valuable
contribution during his tenure as an independent non-executive
director of the Company and bids him well with his future
endeavours.
Linked unitholders are advised that Mr Louis Andrag, an
independent non-executive director of the Company, has been
appointed as the new lead independent director of Fairvest with
immediate effect.
3 June 2014
Cape Town
Sponsor: PSG Capital
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