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ITALTILE LIMITED - Changes to the Board of Directors - Appointment and Resignation of Independent Non-executive Directors
Changes to the Board of Directors - Appointment and Resignation of Independent Non-executive Directors ITALTILE LIMITED (Incorporated in the Republic of South Africa) (Registration number: 1955/000558/06) Share code: ITE ISIN: ZAE000099123 ("Italtile" or "the Group") CHANGES TO THE BOARD OF DIRECTORS - APPOINTMENT AND RESIGNATION OF INDEPENDENT NON-EXECUTIVE DIRECTORS In compliance with paragraph 3.59 of the Listings Requirements of the JSE Limited, the board of directors of Italtile ("the Board") hereby notifies its shareholders that Ms Zizipho Nyanga has resigned as an independent non-executive director of the Board and a member of the Audit and Risk Committee with effect from 25 March 2020, and will take up an operational role within the Group with effect from 1 July 2020. The Board would like to thank Ms Nyanga for her service on the Board and looks forward to her continued contribution to the Group. In addition, the Board hereby notifies shareholders that Mr Isaac Malevu has been appointed as an independent non-executive director and member of the Audit and Risk Committee, with effect from 25 March 2020. Mr Malevu, CA(SA), is currently the Chief Financial Officer for Client Coverage in the Corporate Investment Banking division within the Standard Bank Group Limited. Prior to that he was audit partner at Ernst & Young. Mr Malevu has in excess of 20 years of international experience and thought leadership in a range of specialist areas including finance, treasury, corporate strategy, risk management and corporate governance. The Board welcomes Mr Malevu and looks forward to his contribution. Mr Malevu's appointment reflects the Group´s continuing commitment to enhancing the diversity of the Board and the expertise available to the business. Johannesburg 26 March 2020 Sponsor Merchantec Capital Date: 26-03-2020 12:55:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.