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SBG
SBG
Simeka BSG Limited - Changes to the board of directors
Simeka BSG Limited
(Previously Xantium Technology Holdings Limited)
(Incorporated in the Republic of South Africa)
(Registration No. 2003/012583/06)
Share code: SBG ISIN code: ZAE000074878
("Simeka BSG" or "the company")
CHANGES TO THE BOARD OF DIRECTORS
In compliance with Section 3.59 to 3.62 of the JSE Listings Requirements,
shareholders are advised that:
* Pieter Johnston has resigned as financial director of Simeka BSG with
immediate effect. Surendranath Singh, executive director and chief financial
officer, has been appointed financial director of the company with immediate
effect.
The board wishes to thank Pieter for his contribution to the company and
wishes him well in his future endeavours.
* James Murray has stepped down as joint chief executive officer and will
remain an executive director of the company. James will remain integral to
Simeka BSG"s ongoing strategy, leveraging his extensive experience and
network in providing business support, sales and marketing and expanding the
group into Africa; and
* Kobote Molefe has relinquished her executive responsibilities with
immediate effect and will remain a non-executive director of the company.
Accordingly the board of directors of Simeka BSG comprises:
* Dr. Popo Molefe - non-executive chairman;
* Tozamile Botha - non-executive director;
* Kobote Molefe - non-executive director;
* Barry Fraser - non-executive director;
* Robinson Ramaite - non-executive director;
* Mohammed Varachia - executive director and chief executive officer;
* James Murray - executive director;
* Surendranath Singh - executive director and financial director;
* Kamal Ramsingh - executive director and chief operations officer;
* Madodo Papiyana - executive director and head of group human resources.
Warning: The listing of the ordinary shares in the company is on the ALTX.
Shareholders are advised of the risks of investing in a company listed on the
ALTX. Shareholders are advised that the JSE does not guarantee the viability or
the success of a company listed on the ALTX. In terms of the JSE Listings
Requirements a designated advisor has to be retained by the company. The
designated advisor is required to, inter alia, attend all board meetings held by
the company to ensure that all JSE Listings Requirements and applicable
regulations are complied with, approve the financial director of the company and
guide the company in a competent, professional and impartial manner. If the
company fails to retain the designated advisor it must make arrangements to
appoint a new designated advisor within 10 business days, failing which the
company faces suspension of trading of its securities. If a designated advisor
is not appointed within 30 days of its suspension the company faces the
termination of its listing without an offer to minority shareholders.
Rosebank
30 January 2006
Designated advisor
Java Capital (Proprietary) Limited
Date: 30/01/2006 05:30:51 PM Produced by the JSE SENS Department
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