Acc-Ross Holdings Limited - Appointment Of Alterna
ACC
ACC
Acc-Ross Holdings Limited - Appointment Of Alternate Director
ACC-ROSS HOLDINGS LIMITED
(Formerly Le-Sel Holdings Limited)
(Incorporated in the Republic of South Africa)
(Registration number 2000/000059/06)
Share code: ACC ISIN: ZAE000077335
("AccRoss" or "the company")
APPOINTMENT OF ALTERNATE DIRECTOR
The board of directors of Acc-Ross is pleased to announce the appointment of Mr
Howard Friedman as an alternate director to Matsilele Ephraim (Jomo) Sono with
immediate effect.
Howard began his career in the banking sector, joining Standard Bank in 1989.
He worked in various divisions within the bank, gaining a wide range of
experience. In 2000, he joined Nedbank, where he focused on the development of
the small business division. During this time, he completed the Wits Business
School Management Advancement Programme. Howard left Nedbank in 2005 and
currently acts in the capacity of business advisor to Jomo Sono.
In accordance with AltX Listings Requirements, shareholders are advised of the
risks of investing in a company listed on the AltX and 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, inter alia, to attend all
board meetings held by the company to ensure that all the 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 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 minorities.
Johannesburg
12 May 2006
Designated Advisor
Arcay Corporate Services
Date: 12/05/2006 08:16:41 AM Produced by the JSE SENS Department
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