African Gem Resources Limited -
African Gem Resources Limited
(Incorporated in the Republic of South Africa)
(Registration number 1998/007292/06)
Share code: AFG
ISIN: ZAE000025540
CUSIP code (Level 1 ADR programme): 008283103
("AFGEM" or "the company")
JAVA CAPITAL (PTY) LTD APPOINTED SPONSORS
Effective 1 July 2003, Java Capital (Pty) Ltd will replace HSBC Investment
Services (Proprietary) Limited as AFGEM"s sponsors.
AFGEM APPOINTS NON-EXECUTIVE DIRECTOR
The directors of AFGEM are pleased to announce the appointment of Mr Philip Gray
to the board as a non-executive director.
Mr Gray holds a Masters degree in Marketing from Lancaster University in the
United Kingdom. He began his career as European Investment Analyst at James
Capel & Company in London and spent 21 years in the field of investment strategy
and portfolio management, focusing on emerging markets. In 1994, Mr Gray was
appointed Executive Chairman of HSBC James Capel (Asia) Limited in Hong Kong,
where he was responsible for rebuilding the company"s presence in Asia and for
developing its distribution capability in London, New York and Tokyo. Prior to
retiring in 2000, Mr Gray was Asian Investment Strategist and a Member of the
Executive Committee at Nomura International (Hong Kong) Limited.
Mr Gray was a regular lecturer at World Bank, Asian Development Bank and AIMR
conferences on emerging economies and markets and has lectured at London
Business School, IOSCO and APEC.
DIRECTOR"S DEALINGS IN SECURITIES
In compliance with Rule 3.72 - 3.75 of the Listings Requirements of the JSE
Securities Exchange South Africa, the following information is disclosed:
Director: A R Mpungwe
Office held: Non executive director
Date transaction effected: 25 June 2003
Number of shares: 4 000 000
Sale price per share: 125 cents
Class of shares: Ordinary shares
Nature of transaction: Sale of shares on open market
Nature and extent of interest: Indirect beneficial
CHANGE TO COMPANY SECRETARY
Effective immediately, Mark Summers, AFGEM"s Financial Director, will assume the
role of Company Secretary for the company, replacing JD Hill and Company.
Johannesburg
27 June 2003
Date: 27/06/2003 03:50:18 PM Supplied by www.sharenet.co.za
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