| Mon 18 Nov 2019, 17:04 | | AFRICAN PHOENIX INVESTMENTS LIMITED - AXL : Changes to the Board of Directors Changes in Function and Appointment |
|
AXL : Changes to the Board of Directors ? Changes in Function and Appointment:
AFRICAN PHOENIX INVESTMENTS LIMITED
Incorporated in the Republic of South Africa
(Registration number 1946/021193/06)
Ordinary share code: AXL ISIN: ZAE000221370
("African Phoenix" or "the Company")
CHANGES TO THE BOARD OF DIRECTORS - CHANGES IN FUNCTION AND APPOINTMENT
In compliance with paragraph 3.59 of the Listings Requirements of JSE Limited, the board of directors
of African Phoenix ("the Board") hereby notifies its shareholders that with effect from 15 November
2019:
o Mr Oyama Mabandla, currently an executive director, has been appointed as executive
Chairperson of the Board;
o Mr Andrew James Hannington, who was appointed as a non-executive director of the Company
on 13 November 2019, has been appointed as Chief Financial Officer of the Company; and
o Mr Koketso Mercedes Mabe ("Koketso") has been appointed as an independent non-executive
director and Lead Independent Director.
Koketso, who has a BCom (Insurance and Actuarial Science) degree from the University of
Pretoria, is an executive director of Capital Link Partners Proprietary Limited ("Capital Link
Partners"), an asset management company. Prior to joining Capital Link Partners in 2017, Koketso
spent almost a decade at the Public Investment Corporation, initially as Senior Credit Risk
Manager: Fixed Income and Private Equity Portfolios between April 2008 and March 2012, and
subsequently as Executive Head: Private Equity and Structured Investments Products between
April 2012 and February 2017.
Having held numerous sub-committee positions at both private and public companies, as well as
private equity funds, Koketso currently serves on various committees of Rand Mutual Assurance
Group and Afgri Holdings Proprietary Limited.
The Board welcomes Koketso and looks forward to his contributions to the Company.
Johannesburg
18 November 2019
Sponsor
Merchantec Capital
Date: 18/11/2019 05:05:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
