| Thu 24 Oct 2024, 11:00 | | KAP LIMITED - Changes to the board and board committees |
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Changes to the board and board committees
KAP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1978/000181/06)
Share code: KAP
ISIN: ZAE000171963
Company Alpha Code: KAP
LEI code: 3789001F51BC0045FD42
('KAP' or 'the Company')
CHANGES TO THE BOARD AND BOARD COMMITTEES
RETIREMENT OF DIRECTOR
In accordance with paragraph 3.59 of the JSE Listings Requirements and paragraph 6.39 of the Debt Listings
Requirements, the board of directors of the Company ('the Board') wishes to advise that Mr. PK Quarmby
('Pat'), who has served as a director on the Board since 2012, having reached the age of 70, has indicated that
he will be stepping down from his position as Chairperson of the Board and the Nomination committee, member
of the Investment committee, and retire as independent non-executive director at the conclusion of the
Company's next annual general meeting, scheduled on 29 November 2024 ('2024 AGM').
The Board wishes to thank Pat for his invaluable contribution to the Company over the last 12.5 years, of which
he led the Board as Chairperson in an exemplary manner over the last 3 years. The Board wishes him well in
his retirement.
Following the envisaged change mentioned above, there will be no vacancy on the Board.
CHANGES TO DIRECTOR ROLES AND BOARD COMMITTEES
The following Board committee and director role changes have been approved by the Board for implementation
following the conclusion of the 2024 AGM:
• Mr J Holtzhausen, the current lead independent non-executive director of the Company, will be appointed
as the Chairperson of the Board and the Nomination Committee. He remains a member of the Remuneration
and Investment committees.
Stellenbosch
24 October 2024
Equity and Debt Sponsor
PSG Capital
Date: 24-10-2024 11:00:00
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