Kersaf Investments Limited - Announcement
Kersaf Investments Limited
(Incorporated in the Republic of South Africa)
(Registration number 1967/007528/06)
Share code: KER ISIN: ZAE000003844
("KERSAF")
Following discussions between representatives of Institutional Shareholders
holding a majority of the issued capital of Kersaf ("Institutional
Shareholders") and the Board of Kersaf ("the Board") it has been agreed that
the Board will be restructured. To achieve this objective the Board will be
reconstituted with immediate effect by the appointment of 4 (four) new
directors, Leon Campher, Stephen Mildenhall, David Nurek and Graham
Rosenthal and the resignation of 2 (two) existing directors being Frank
Kilbourn and Peter Venison. It has been agreed between the Board and the
Institutional Shareholders that a further appointment to the Board will be
made shortly. The reconstituted Board, prior to the additional appointment,
will thus comprise the following persons : Buddy Hawton (Chairman), Peter
Bacon, Leslie Boyd, Leon Campher, David Coutts-Trotter, Mike Egan, Nigel
Matthews, Stephen Mildenhall, David Nurek and Graham Rosenthal.
It has also been agreed that the reconstituted Board will consider the
restructuring of Kersaf with a view to maximising shareholder value.
Shareholders will be kept fully informed in this regard.
19 June 2002
ING INVESTMENT BANKING
SPONSOR
EDWARD NATHAN & FRIEDLAND (PTY) LTD
CORPORATE LAW ADVISERS AND CONSULTANTS
Date: 19/06/2002 05:55:00 PM Produced by the SENS Department
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
