RESIGNATION OF DIRECTORS AND RENEGOTIATION OF ASSE
BONATLA PROPERTY HOLDINGS LIMITED - RESIGNATION OF DIRECTORS AND RENEGOTIATION
OF ASSET MANAGEMENT CONTRACT
BONATLA PROPERTY HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
JSE code: BNT ISIN: ZAE000013694
(Registration number 1996/014533/06)
("Bonatla")
The asset management contract with Catalyst Property Asset Managers
(Proprietary) Limited ("Catalyst") in respect of the properties of Bonatla has
been renegotiated and placed on a short term basis. Bonatla has done this in
order to provide itself with greater flexibility with regard to various offers,
which it has received for its property portfolio. Bonalta is now able to deal
with these offers without any complication of management`s interests. As a
result of these negotiations, Messrs R du Plooy and J Broll have resigned from
the board of Bonatla with effect from 18 February 2003. The board thanks them
for their past services.
Sponsor
GRANT THORNTON KESSEL FEINSTEIN
CORPORATE SPONSORS (PROPRIETARY) LIMITED
Date: 19/02/2003 04:10:22 PM Supplied by www.sharenet.co.za
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