Changes To The Board Of MGX Holdings Limited
MGX Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1983/012697/06)
Share code: MGX ISIN: ZAE000009262)
("MGX")
CHANGES TO THE BOARD OF MGX HOLDINGS LIMITED
The Board of MGX is authorised to announce that, as a consequence of the
recommendations of the Second King Report into Corporate Governance
("King II"), including the requirement of an independent non-executive
chairperson, Ronnie Price has decided to step down as non-executive
chairperson with immediate effect. He and his wife, Linda Wengrowe, have
simultaneously resigned as directors of MGX.
The Board is considering the appointment of additional non-executive
directors to comply with the recommendations of King II and to
strengthen the empowerment characteristics of the Board.
In the interim, independent non-executive deputy chairperson, Patrick
Landey, has been appointed acting Chairperson of MGX.
12 August 2002
Date: 12/08/2002 05:27:29 PM Produced by the JSE SENS Department
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