Chrometco Limited - Resignation and appointment of
CMO
CMO
Chrometco Limited - Resignation and appointment of directors
CHROMETCO LIMITED
Formerly Sweet Equity Investments (Proprietary) Limited
(Incorporated in the Republic of South Africa)
(Registration number: 2002/026265/06)
JSE Code: CMO & ISIN: ZAE000070249
("CHROMETCO" or the "Company)
Resignation and appointment of directors
Chrometco is pleased to announce the appointment of Mr John Raubenheimer as
Chairman of the Company. His duties are effective as from 1st October 2006.
Mr Stuart Simons becomes the new Chief Executive Officer. Mr Bruce Williamson
remains on the Board as a Non-Executive Director.
Mr Raubenheimer recently retired from his position as CEO of SAMANCOR
MANGANESE - a subsidiary of BHP Billiton the company where he has spent most
of his working life.
Pretoria
13 October
Designated Advisor
River Group
Warning: The listing of ordinary shares in the company is on the AltX.
Shareholders are advised of the risks of investing in a company listed on the
AltX. Shareholders are advised 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 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 Advisor it must make arrangement 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 minority shareholders.
Date: 13/10/2006 12:22:02 PM Produced by the JSE SENS Department
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