ISA
ISA
ISA- Change to the board of directors and results of the General Meeting
ISA Holdings Limited
("ISA" or "the company")
(Registration number: 1998/009608/06)
JSE share code: ISA
ISIN code: ZAE000067344
CHANGE TO THE BOARD OF DIRECTORS AND RESULTS OF THE GENERAL MEETING
In compliance with rule 3.67 of the JSE Listing Requirements, the following
information should be noted:
Alan Naidoo, Andrew Maren and Jane Phiri have been appointed as non-executive
directors of ISA Holdings Limited, with Jane Phiri also being appointed as the
company"s chairperson, with immediate effect.
The new appointments to the board of directors are in line with ISA"s
transformation objectives, resulting in 62.5% of the board being represented by
non-executive directors as well as 50% of the board being black directors.
All of the resolutions tabled at the General Meeting of shareholders, which was
held on 29 September 2006, were passed by the requisite majority.
29 September 2006
Designated advisor: Exchange Sponsors (Pty) Ltd
In accordance with the AltX Listings Requirements, shareholders are advised of
the risks of investing in a company listed on AltX and are advised that the JSE
does not guarantee the viability or the success of a company listed on AltX. In
terms of JSE Listings requirements a Designated Adviser has to be retained by
the company. The Designated Adviser 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 Adviser it must make arrangements to
appoint a new Designated Adviser within 10 business days, failing which the
company faces suspension of trading of its securities. If a Designated Adviser
is not appointed within 30 days of its suspension the company faces the
termination of its listing without an offer to minorities.
Date: 29/09/2006 03:16:03 PM 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 has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
