| Thu 6 Feb 2025, 14:05 | | BIBAY - Changes to the board of directors and committees |
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BIBAY - Changes to the board of directors and committees
Bayport Securitisation (RF) Limited
(Incorporated with limited liability in the Republic of South Africa)
Issuer Code: BIBAY
(Registration number 2008/003557/06)
("Bayport Securitisation" or the "Issuer:)
CHANGES TO THE BOARD OF DIRECTORS AND COMMITTEES
In accordance with paragraph 6.42 of the JSE Limited Debt and Specialist Securities Listings
Requirements, the board of directors of the Issuer (the "Board") wishes to advise that Mrs Rishendrie
Thanthony has, effective 5 February 2025, resigned as director and audit committee member, due to
a change in her personal circumstances. Ms Bongiwe Majozi (nee Dube) has been appointed as a
director and audit committee member of the company following the resignation of Mrs Rishendrie
Thanthony, and, to ensure succession planning, Ms Rozanne Kamalie joins the Board and Audit
Committee as an alternate director, also effective 5 February 2025.
Nicholas Clarke, having served as a Board Member and Chairman of the Social and Ethics Committee
since September 2022, will take over as Chairman of the Board while Lodewyk de Jager remains, since
April 2021, chairman of the Audit Committee. Effective immediately, Bongiwe will assume the
chairperson role for the company's Social and Ethics Committee, replacing Nicholas in that position.
Nicholas is a member of the Association of Chartered Certified Accountants and holds a B Com
(Financial Accounting) from the University of Stellenbosch.
Bongiwe has been involved with Bayport Securitisation for the past year as an invitee on the Board
and its committees. She is an admitted attorney and compliance manager and has extensive
experience in both listed and unlisted company environments. She holds and has held various
positions in the Capital Markets sector with broad strategic, operational and governance acumen. Her
skills include, Risk & Strategic management and Legal & Regulatory Governance. She currently serves
as a Director of TMF Corporate Services (South Africa) and as independent director on a number of
Boards. Bongi holds a B Proc and LLB (Honours) from the University of KwaZulu-Natal and a MBA
Essentials Certificate from the University of Stellenbosch.
Also effective 5 February 2025, Rozanne is being appointed as an alternate director. She is an admitted
attorney & conveyancer. Rozanne possesses extensive experience in contract management and legal
compliance. Her exposure to securitisation and structured finance has garnered her experience in
corporate governance and compliance management. She currently serves as an independent director
and chairman on a number of Boards. Rozanne holds an LLB from the University of the Western Cape,
a Compliance Management certificate from the University of the Cape Town and the Compliance
Institute of South Africa and an MBA Essentials Certificate from the University of Stellenbosch.
The Board extends great appreciation to Rishendrie for her wise counsel and service to the Board,
since January 2013, and we welcome Bongiwe and Rozanne, looking forward to their contribution.
06 February 2025
The Debt Sponsor
The Standard Bank of South Africa Limited
Date: 06-02-2025 02:05:00
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