Network Healthcare Holdings Limited - Changes in D
Network Healthcare Holdings Limited - Changes in Directorate
NETWORK HEALTHCARE HOLDINGS LIMITED
(Co. Reg. No. 1996/008242/06)
(`the Company`, `Netcare` and `the Group`)
Code : NTC
ISIN number : ZAE000011953
In compliance with the requirements of rule 3.59(b) and (c) of the JSE Listings
Requirements, Network Healthcare Holdings Limited advises herewith of the
following changes to the Board of Directors:
Dr Reg Bush, Dr Ian Kadish and Mr Piet Lindeque will be resigning from the
Netcare Board of Directors with effect from 16 September 2005. Following a
period of continued employment within the Group, both Dr`s Bush and Kadish will
be pursuing opportunities overseas that they have been developing in their
personal capacities. The Board wishes to express its appreciation for the
valuable contributions that they have made to the Netcare Group and takes this
opportunity to wish them every success in their future endeavours. Mr Lindeque
will continue in his capacity as a Regional Director of the Hospital Division.
With specific reference to the announcement made on 16 November 2004, and in
line with the Group subscribing to the doctrines of good Corporate Governance
and commitment to compliance with all relevant recommendations contained in the
King 2 Report on Corporate Governance and the Group`s transformation
imperatives, suitably qualified candidates are being considered by the relevant
nomination committee for appointment to the Netcare Board. Further announcements
will be made upon such appointments.
Shareholders are further advised that, following the announcement made on 10 May
2005, Dr Richard Friedland will be assuming the responsibility of Group Chief
Executive Officer with effect from 1 September 2005. Dr Jack Shevel will
continue to have a significant association with Netcare both as a Non-Executive
Director of the Netcare Board and as the Non-Executive Chairman of Netcare`s
International subsidiary in the roll-out of the Group`s International expansion
strategy.
JOEL WOLPERT
Company Secretary
Tel No: (011) 301-0213
Fax No: (011) 301-0481
E-mail joel.wolpert@netcare.co.za
Date: 11 August 2005
Date: 11/08/2005 04:26:18 PM
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