PARACON HOLDINGS LIMITED - CHANGE TO THE BOARD OF DIRECTORS
PARACON HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
Registration Number 1997/008181/06
ISIN: ZAE000025540
Share code: PCN
(Paracon or the company)
CHANGE TO THE BOARD OF DIRECTORS
In line with the recommendations of King Code II on Corporate Governance, the
board of directors of Paracon ("the Board") has been restructured to increase
non-executive director representation.
Accordingly, with effect from 26 September 2003 Robbyn Wilkinson, Janette
Cumming and Ronald Wasley have resigned as executive directors from the Board
and we thank them for their contributions to the Paracon Board. They continue in
their capacities as directors of Paracon SA (Pty) Ltd.
In addition Vusi Dlamini has been appointed as a non-executive director with
effect from 26 September 2003. Vusi is Human Resource Director at Dimension Data
SA. Prior to this he was the Executive Vice President for Human Resources and
Industry Travel for South African Airways. We welcome him to the Board of
Paracon.
26 September 2003
Johannesburg
Sponsor
Nedbank Corporate
Date: 26/09/2003 01:17:13 PM Produced by the JSE SENS Department
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