Corpcapital Limited - Cautionary announcement and appointment of director
Corpcapital Limited
Incorporated in the Republic of South Africa
(Registration number 1983/011384/06)
Share code CPA ISIN ZAE000034260
(the "company")
Cautionary announcement and appointment of director
1. The board is pleased to announce the appointment of Mr Douglas Brooking as a
non-executive director of the board in line with Mr Payne`s recommendations.
Mr Brooking`s abridged curriculum vitae:
* former Deputy Chairman of Deutsche Bank Holdings (South Africa) Limited;
* former partner (for 20 years) of Ivor Jones, Roy & Co. Inc.;
* former South African representative on the board of the International
Accounting Standards Committee;
* former Chairman of the Accounting Practices Committee of the SA Institute of
Chartered Accountants;
* former member of the Committee of the JSE Securities Exchange South Africa
("JSE");
* former Deputy Chairman of the JSE;
* former Chairman of the JSE Listings Sub-Committee and Listings Advisory
Board;
* current member of the Securities Regulation Panel of South Africa; and
* current member of the Listings Advisory Committee of the JSE.
2. The board`s primary objective is to create and deliver wealth to
shareholders. The board is considering how best to unlock the value in the
company for shareholders. To this end a sub-committee of the board has been
established. The sub-committee will thereafter supervise the implementation of
the board`s decision. The non-executive members of the sub-committee will be
Douglas Brooking (who will chair the sub-committee) and Tom Wixley. The
strategies under consideration do not include any form of management buy-out of
the company.
3. A further announcement in this regard will be made soon. In the meantime,
shareholders are advised to exercise caution in dealing in the company`s shares.
Issued by the Board of Directors
19 February 2003
Joint Sponsors
Corpcapital Corporate Finance PricewaterhouseCoopers
Corporate Finance
(Proprietary) Limited
Date: 19/02/2003 04:00:00 PM Supplied by www.sharenet.co.za
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