Calulo Property Fund Limited - Changes to the boar
CLO
CLO
Calulo Property Fund Limited - Changes to the board of directors
CALULO PROPERTY FUND LIMITED
(Formerly Annuity Property Fund Limited)
(Incorporated in the Republic of South Africa)
(Registration no. 1987/006274/06)
Share code CLO & ISIN: ZAE000060711
("Calulo")
Changes to the board of directors
In compliance with paragraph 3.59 of the Listings Requirements of the JSE
Limited, unitholders are advised that Richard Harman, the Chief Executive
officer ("CEO") of Calulo, has tendered his resignation with effect from 31
August 2006 to pursue his personal interests.
Richard will be available to address any residual management issues
relating to Calulo, on a contract basis, until such time as the approval of
the Competition authorities for the acquisition by Pangbourne Properties
Limited ("Pangbourne") of a 40,6% interest in Calulo from Matemeku Property
Acquisitions 104 (Pty) Limited ("the Pangbourne acquisition"), has been
obtained. Unitholders are referred to the announcements on SENS and in the
press on 19 and 20 July and 4 and 5 August 2006, respectively, for details
of the Pangbourne acquisition.
The board of Calulo has expressed its appreciation to Mr Harman for his
contribution to the company during his tenure.
Cheryl Wendelken has been nominated as the new CEO designate of Calulo,
subject to the Competition authorities" approval to the Pangbourne
acquisition, which is expected on or about 29 September 2006, and the
subsequent posting of the circular regarding the mandatory offer.
By order of the Board
Cape Town
31 August 2006
Sponsor
SASFIN CAPITAL
(A division of Sasfin Bank Limited)
Date: 01/09/2006 08:38:24 AM Produced by the JSE SENS Department
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
