Wellco Health Limited - Appointment And Resignatio
WLL
WLL
Wellco Health Limited - Appointment And Resignation Of Directors
Wellco Health Limited
(formerly Nungu Trading 279 (Pty) Ltd)
(Incorporated in the Republic of South Africa)
(Registration number 2005/005805/06)
Share code: WLL ISIN: ZAE000071841
("Wellco Health" or "the company")
APPOINTMENT AND RESIGNATION OF DIRECTORS
In accordance with paragraph 3.59 of the JSE Listings Requirements the board is
pleased to announce the appointments of Juanito Martin Damons as non-executive
chairman and Andile Khumalo as non-executive director to the Wellco Health board
with effect from 22 April 2006.
Andile is a CA (SA) and has considerable experience in financial management,
auditing and corporate finance and serves on the board of various other
companies.
Juanito is a practising attorney and also sits on the Panel of the Master of the
High Court as professional liquidator in Gauteng, Cape Town, Pietermaritzburg,
Mmabaho and Bloemfontein. Juanito is also a member the Securities Regulation
Panel.
Shareholders attention is drawn to the fact that Mr. Anthony Hacker has resigned
as non-executive chairman with effect from 22 April 2006 from the board of
directors of Wellco Health due to other business obligations.
26 April
Pretoria
Designated Advisor
River Group
Warning: The listing of 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 a Designated Advisor it must make arrangement 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.
Date: 26/04/2006 08:41:18 AM Produced by the JSE SENS Department
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