Beige Holdings Limited - Appointment of New Direct
BEG
BEG
Beige Holdings Limited - Appointment of New Director to the Board
BEIGE HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1997/006871/06)
("Beige" or "the company")
ISIN Code: ZAE000034161 & Share code: BEG
APPOINTMENT OF NEW DIRECTOR TO THE BOARD
In compliance with paragraph 3.59 of the Listings Requirements of the JSE
Limited, the board of directors of Beige are pleased to announce the appointment
of Mr Mathys (Thys) Machiel du Preez as non executive director, with effect from
31 May 2006
Thys is a registered member of the Public Accountants and Auditors Board as well
as the SA Institute of Chartered Accountants. He graduated with a B Com (Acc)
from Pretoria University in 1968 and obtained his B.Com (Acc)(Hons) in 1974 and
CA(SA) in 1975. Thys joined Van Zyl, Scott, Naude & Buys (now
PricewaterhouseCoopers) in 1967, completing his articles in 1969. In 1970, he
joined Elliot Afrovan as Group Financial Manager, a position which he held until
1974. In 1974, he joined Ernst & Young and was appointed as Audit Partner in
1982 and Consulting Partner in 1993, which position he held to 1996, when he
joined the Trustee Board-group. Thys is currently an Executive Director of The
Trustee Board Investments Group, and the Non Executive Chairman of OEN
Enterprises (Pty) Ltd.
The board believes that Thys" skills will further realise the company"s
operational proficiency base and that his appointment is both advantageous and
complementary to the turnaround strategy now underway and showing positive
potential going forward.
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
01 June 2006
Designated Advisor
Arcay Corporate Services
Date: 02/06/2006 09:34:10 AM Produced by the JSE SENS Department
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