HOSPITALITY PROPERTY FUND LIMITED - Resignation of financial director
HPA HPB 201505250052A
Resignation of financial director
HOSPITALITY PROPERTY FUND LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2005/014211/06)
Share code for A linked units: HPA
ISIN for A linked units: ZAE000076790
Share code of B linked units: HPB
ISIN for B linked units: ZAE000076808
("Hospitality" or "the Company")
RESIGNATION OF FINANCIAL DIRECTOR
Unitholders are advised that Hospitality’s Financial Director,
who is also currently fulfilling the role of Acting CEO, Mr
Ridwaan Asmal has advised that he will be resigning from the
Company effective 12 August 2015. Mr Asmal has extended his
notice period to ensure that the annual financial statements and
the audit for the year end 2015 is completed during this period.
The Board would like to record that Mr Asmal’s resignation is
not linked to the investigation of misconduct and charges
brought against the current suspended CEO of the Company, but
rather an opportunity for Mr Asmal to pursue alternative
interests in the hospitality sector. The Board acknowledges and
thanks Mr Asmal for his dedication and contribution during his
term as Financial Director and wishes Mr Asmal well in his
future endeavours.
Mr Gerald Nelson, the former CEO of the Company and currently a
non-executive director, will make himself available as the
Acting CEO, if so required, pending the outcome of the
disciplinary proceedings with Mr Rogers.
Johannesburg
25 May 2015
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
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