ADH 201503230004A
Announecment Regarding CEO
ADvTECH Limited
(Incorporated in the Republic of South Africa)
(Registration number 1990/001119/06)
Share code: ADH ISIN: ZAE000031035
(“ADvTECH“)
ADvTECH – ANNOUNCEMENT REGARDING CEO
ADvTECH and the Group CEO Mr Leslie Maasdorp have reached a mutual agreement to part ways.
The terms are confidential to the two parties.
Mr Maasdorp was appointed to the Board in 2009, became Chairman in 2010, and resigned as
Chairman when he was appointed CEO in August 2014.
Says Mr Maasdorp: “I leave ADvTECH with a heavy heart as I have enjoyed my time with the Group. I
look forward to remaining engaged in the sector and contributing to improving education outcomes in
South Africa and beyond.”
Says Acting Chairman Jeff Livingstone: “The Board thanks Leslie for his contribution to ADvTECH
over many years and it wishes Leslie every success in the future.”
The Board will announce an interim CEO shortly.
Johannesburg
23 March 2015
Sponsor: Bridge Capital Advisors (Pty) Limited
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