To view the PDF file, sign up for a MySharenet subscription.

PHUMELELA GAMING & LEISURE LIMITED - Resignation of Chief Executive Officer

Release Date: 18/09/2018 17:00
Code(s): PHM     PDF:  
Wrap Text
Resignation of Chief Executive Officer

Phumelela Gaming & Leisure Limited
(Incorporated in the Republic of South Africa)
(Registration number 1997/016610/06)
Share code: PHM ISIN: ZAE000039269

RESIGNATION OF CHIEF EXECUTIVE OFFICER (“CEO”)


In compliance with paragraph 3.59 of the Listings Requirements of the JSE Limited, the board of directors
of Phumelela Gaming and Leisure Limited ("the Board") hereby notifies its shareholders that Mr Rian du
Plessis has tendered his resignation as CEO of Phumelela Gaming and Leisure Limited (“the Company”)
for personal reasons, effective from 17 September 2018. Rian has committed to assist his successor until
the end of March 2019 to ensure a smooth transition.

Rian has full confidence in the Company’s executive management team, underlying business
fundamentals and strategic direction and has undertaken not to dispose of any Phumelela shares held
directly or indirectly by him, his family or otherwise in the foreseeable future.

The Board and management team would like to thank Rian for his valued service and contribution to the
Company over the past ten years. He led the development of a sophisticated business with multiple
revenue streams and has formed a management team supporting long term stability and growth. The
Board wishes Rian every success in his future endeavours.

The Board is pleased to advise that Mr John Stuart, the current Executive Director: International
Operations, has been appointed to fulfil the role as CEO.

With more than 39 years of experience in the horse racing and gaming industry, the Board welcomes
John’s increased participation in the business and looks forward to his ongoing contribution.

The Company’s financial results announcement scheduled for 5 October 2018 will be delivered by the
new CEO.


Johannesburg
18 September 2018

Sponsor: Investec Bank Limited

Date: 18/09/2018 05:00:00 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.

Share This Story