Datatec - Appointment Of Non-executive Directors A
Announcement
DATATEC LIMITED
("Datatec")
Registration number 1994/005004/06
Incorporated in the Republic of South Africa
Share Code : DTC, ISIN ZAE 000017745
APPOINTMENT OF NON-EXECUTIVE DIRECTORS AND FURTHER CAUTIONARY ANNOUNCEMENT
1. Appointment of a non-executive Chairman and non-executive Directors
In an announcement dated 23 October 2001 Datatec announced that it was to
appoint further non-executive directors and split the roles of Chairman and
Chief Executive Officer, which are currently held by Mr Jens Montanana. The
Board of Directors is pleased to announce the appointment of Mr Leslie Boyd
(former Executive Vice Chairman of Anglo American Plc) as non-executive
Chairman of the Board and Messrs Cedric Savage (Executive Chairman of The
Tongaat-Hulett Group Limited) and Colin Brayshaw (former Chairman of
Deloitte & Touche) as non-executive Directors with effect from 6 December
2001.
Mr Jon James has resigned from the Board with immediate effect, but will
continue as the Chief Operations Officer of Logical Australia.
As a result of the above the Board consists of 5 executive directors and 6
non-executive directors. Further appointments will be advised shortly. This
has allowed all the sub-committees of the Board to be restructured as
follows:
Remuneration Committee :
Leslie Boyd (Chairman)
John McCartney
Christopher Seabrooke
Jens Montanana as Chief Executive Officer may attend meetings of the
Remuneration Committee as an invitee.
Audit Committee :
Colin Brayshaw (Chairman)
Christopher Seabrooke
Cedric Savage
Robin Rindel as Group Finance Director may attend meetings of the Audit
Committee as an invitee.
Risk Committee :
This is to be established with the following members :
Cedric Savage (Chairman)
John McCartney
Jens Montanana
Robin Rindel
David Pfaff
2. Further cautionary announcement
Further to the cautionary announcement dated 15 November 2001, Rand Merchant
Bank is authorised to advise shareholders that negotiations are still in
progress which, if successfully concluded, may have an effect of the price
of Datatec's ordinary shares. Accordingly, shareholders of Datatec are
advised to continue to exercise caution when dealing in their shares until a
further announcement is made.
6 December 2001
Sponsor Auditors Corporate Law Advisors
Rand Merchant Bank Deloitte & Touche and Consultants
Edward Nathan
Friedland
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