Datatec - Results Of Annual General Meeting And Re
Datatec Limited
(Incorporated in the Republic of South Africa)
(Registration number 1994/005004/06)
Share code: DTC ISIN code: ZAE000017745
("Datatec")
RESULTS OF ANNUAL GENERAL MEETING AND RESIGNATION OF DIRECTOR
At the Annual General Meeting of members of Datatec, held at 14.00h
yesterday, all resolutions were passed.
During the meeting it was announced that Mark Lamberti, Executive Chairman
of Massmart Holdings Limited, had resigned his non-executive directorship of
Datatec with immediate effect.
Lamberti has been steadily withdrawing himself from a wide range of outside
interests ever since Massmart listed last year. In August he resigned as
Chairman of Datatec's Remuneration Committee.
Comments Lamberti:
"Shortly after Massmart listed I commenced a process of withdrawing myself
from board directorships and committee memberships of various organisations
I have been associated with. This process has assumed renewed urgency as a
result of Massmart's recent acquisitions.
"However, I felt it appropriate that I stay on as a non-executive director
of Datatec until the Annual General Meeting which brought closure to the
year. I now feel that my duties in respect of the 2001 financial year have
been discharged."
Last week Datatec announced that it is in the process of appointing new non-
executive directors to the Datatec board. It also intends splitting the
roles of Chairman and CEO which are currently jointly held by Jens
Montanana.
ENDS
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