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SIM
SIIF
Simmers - Restructure of the Simmers Board
Simmer and Jack Mines Limited
(Incorporated in the Republic of South Africa)
(Registration number 1924/007778/06)
Share code: SIM
ISIN: ZAE000006722
("Simmers" or "the company")
RESTRUCTURING OF THE SIMMERS BOARD
The Simmers board comprises 13 directors, namely:
NRG Brunette (Non-executive Chairman)
BJ Njenje (Non-executive Vice-chairperson)
GT Miller (CEO)
JdV Berry (Executive)
DH Brown (Non-executive)
GJ Jacobs (Executive)
SLB Mapisa (Non-executive)
VA Mkele (Non-executive) (alt. B Davison)
JP Schumacher (Non-executive) (alt. E Oosthuizen)
AX Sisulu (Non-executive)
KPE Wakeford (Non-executive)
GP Wanblad (Executive)
VM Watson (Non-executive)
The company"s Annual General Meeting ("AGM") is to be held at 11:00 on Friday,
29 September 2006. In the lead-up to the AGM, the company has consulted
extensively with its advisers, empowerment partners, and institutional
shareholders regarding the composition of its board. The consensus of those
consulted was that the board is unwieldy for a company the size of Simmers and
could operate more effectively with a smaller number of persons and with more
focused representation.
Following the consultation process, the directors unanimously agreed that Messrs
GJ Jacobs, VA Mkele, GP Wanblad and VM Watson will stand down from the board
with effect from today, and in the case of Messrs Jacobs, Wanblad and Watson
would not offer themselves for re-election at the forthcoming AGM. Messrs Jacobs
and Wanblad will remain as executive employees of Simmers. Assuming all other
members of the board who are retiring in terms of the company"s Articles of
Association are re-elected, the board will comprise the following categories of
director:
Independent non-executive Non-executive Executive
NRG Brunette (Chairman) BJ Njenje (Vice- GT Miller (CEO)
DH Brown chairperson) JdV Berry
KPE Wakeford SLB Mapisa
JP Schumacher
(Alt. E Oosthuizen)
AX Sisulu
The Chairman thanked Vulisango, Simmers" empowerment partner, for its
constructive input, and the retiring directors, who had all contributed hugely
to the success of Simmers.
Johannesburg
27 September 2006
Sponsor: Sasfin Capital (a Division of Sasfin Bank Limited)
Date: 27/09/2006 09:53:03 AM Produced by the JSE SENS Department
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