Barplats Investments Limited - Change In The Board Of Directors
Release Date: 15/07/2004 16:53:31 Code(s): BPL
Barplats Investments Limited - Change In The Board Of Directors
Barplats Investments Limited
(Incorporated in the Republic of South Africa)
(Registration number 1987/004830/06)
ISIN: ZAE000028692 Share Code: BPL
(`Barplats` or `the Company`)
CHANGE IN THE BOARD OF DIRECTORS
It was announced on SENS on 18 June 2004 that, Kleo Platinum Mine Investment
Holdings (Pty) Limited, acting as nominee for and on behalf of a consortium
(`the Platinum Consortium`) had acquired Impala Platinum Holdings Limited`s
83.2% interest in Barplats, and that a mandatory offer was to be made to
Barplats minority shareholders as a result of the change in control of Barplats.
The terms of the mandatory offer were set out in the offer document posted to
Barplats minority shareholders on 30 June 2004. Amended terms of the offer were
published on SENS on 1 July 2004 and posted to minority shareholders on 2 July
2004. As a result of the change in control in Barplats, the board of directors
of Barplats (`the Board`) has been reconstituted.
The following directors of Barplats, namely; Ray Hislop, David Kovarsky, Guy
Smith, John Roberts, Keith Rumble and David Brown, have resigned from the Board
with effect from 14 July 2004 and Loucas Pouroulis (chairman), David Salter
(managing director), Jonathan Clark (financial director) and Jeff Gard
(independent non-executive) have been appointed as new members of the Board with
effect from 14 July 2004.
The names of additional independent non-executive directors will be announced in
due course.
15 July 2004
Johannesburg
Sponsor
Nedbank Capital
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
