Trans Hex Group Limited - Resignation Of CEO
Trans Hex Group Limited
("Trans Hex" or "the Group")
Share code JSE: TSX and NSX:THX
ISIN Code: ZAE000018552
TRANS HEX ANNOUNCES RESIGNATION OF CEO
Shareholders are advised that Calvyn Gardner has resigned as CEO of Trans Hex
with effect from 1 January 2004 to pursue a career as an independent consultant
to the diamond industry, based in Angola.
Mr Gardner will continue to advise the Group on the development of its Angolan
operations.
Altie Krige, Executive Director Land Operations, will continue to have full
responsibility for managing the Group"s land and marine operations and
exploration activities.
A nominations committee comprising non-executive deputy chairman Bernard van
Rooyen and non-executive directors Emil Buhrmann and Alwyn Martin have been
appointed to nominate a successor to Mr Gardner.
Messrs Van Rooyen, Buhrmann and Martin have also joined the Group"s executive
committee until a new CEO has been appointed.
The Group remains committed to increasing production levels from existing
operations and adding to reserves through exploration activities, acquisitions
and strategic alliances.
Trans Hex Deputy Chairman, Bernard van Rooyen commented: "We will continue to
develop our operations for the benefit of all our stakeholders. Our vision
remains to be a world-class player in the exploration and mining of high-quality
diamonds. We thank Calvyn for his contribution to the growth of the Group and
look forward to working with him in his new capacity."
Calvyn Gardner commented: "I"m excited to continue working with Trans Hex in
developing its top-quality deposits in Angola."
ENDS Parow, December 17th 2003
Enquiries:
Trans Hex Group Limited
Bernard van Rooyen, Deputy Tel: 082 659 1421
Chairman
Calvyn Gardner, Chief Executive Tel: 082 444 3370
College Hill South Africa Tel: 011 447 3030
Johannes van Niekerk
Sam Denoon-Stevens
Date: 17/12/2003 09:56:03 AM Produced by the JSE SENS Department
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