CONDUIT CAPITAL LIMITED - Change to the Board of Directors - Resignation of a Director
CND 201606010071A
Change to the Board of Directors - Resignation of a Director
Conduit Capital Limited
Incorporated in the Republic of South Africa
(Registration number 1998/017351/06)
Share code: CND ISIN: ZAE000073128
(“Conduit Capital” or the Group”)
CHANGE TO THE BOARD OF DIRECTORS - RESIGNATION OF A DIRECTOR
In compliance with paragraph 3.59 of the Listings Requirements of JSE Limited, the board of directors of
Conduit Capital (“the Conduit Capital Board”) hereby notifies its shareholders that:
- in line with the Group’s decentralised operating model where subsidiaries are empowered to conduct
their own business affairs and are responsible for implementing their own strategies to contribute to
overall value creation; and
- due to increased focus and time commitments associated with (and required by) the various growth
opportunities of Conduit Capital’s wholly-owned subsidiary, the Constantia Insurance Group
(“Constantia”),
Mr Robert Shaw, Chief Executive Officer of Constantia, has stepped down as an executive director of the
Conduit Capital Board with effect from 1 June 2016. The decision affords Mr Shaw the opportunity to focus
his efforts on Constantia, which will be beneficial for the long-term value creation of the Group.
The Conduit Capital Board would like to express its sincere gratitude to Mr Shaw for his valuable
contribution and wishes him continued success in growing the intrinsic value of Constantia for the ultimate
benefit of Conduit Capital.
Johannesburg
1 June 2016
Sponsor
Merchantec Capital
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