Wrap Text
Changes to the Board and Board Committees
AFRICA BITCOIN CORPORATION LIMITED
(formerly Altvest Capital Limited)
Incorporated in the Republic of South Africa
(Registration Number: 2021/540736/06)
LEI Number: 37898OOE85B7YW5EEW57
("Africa Bitcoin Corporation" or the "Company" or the "Group")
Share Class JSE and A2X NSX Code OTCQB Deutsche ISIN
Codes Code Börse Code
Ordinary Shares BAC BAN AFBCF 4BC ZAE000337051
Preferred A Ordinary Shares BACA - - - ZAE000338422
Preferred B Ordinary Shares BACB - - - ZAE000338430
Preferred C Ordinary Shares BACC BANC - - ZAE000338448
CHANGES TO THE BOARD AND BOARD COMMITTEES
Shareholders are advised that, with effect from 10 April 2026:
- Mr Robin Coode has been appointed as an Independent Non-executive Director of the Company, Chair of the
Group's Audit and Risk Committee and member of the Group's Nomination and Remuneration Committee.
- Mr Stafford Masie has stepped down as Chair of the board of directors of Africa Bitcoin Corporation ("Board"), but
remains an Executive Director of the Company, and has been appointed as a member of the Group's Social and
Ethics Committee.
- Ms Norma Sephuma, the Lead Independent Director, has been appointed as Chair of the Board.
- Mr Warren Wheatley, the Chief Executive Officer and Executive Director of the Company, has stepped down as a
member of the Group's Social and Ethics Committee.
The abovementioned Board changes align with the Company's commitment to upholding the highest standards of
corporate governance. Furthermore, the change to the Chair of the Board, and the recent proposed changes to the
share capital structure of Africa Bitcoin Corporation (as announced on 25 March 2026), are pursuant to, inter alia, the
Company's intention to apply for (i) a transfer of its current listing on the JSE from the Alternative Exchange to the Main
Board and (ii) admission to the Aquis Growth Exchange in the UK, both of which require the role of the Chair to be held
by a non-executive director.
Brief CV of Mr Robin Coode
Robin is a Chartered Accountant with over three decades of senior finance, investment, and retirement fund governance
experience, accumulated throughout his career at Telkom SA Limited, a company dual-listed on the JSE and until 2009,
the New York Stock Exchange. He held a succession of senior roles at Telkom including Group Treasurer, Financial
Controller, and Chief Investment Officer, with responsibilities that included Employer representative Trustee overseeing
the Company's Defined Benefit obligation and investment strategy management of a R46 billion retirement fund asset
and liability. Robin chaired the Telkom Retirement Fund Investment Committee for eight years and served as
Chairperson and Deputy Chairperson of the Telkom Retirement Fund and Pension Fund. He played an instrumental
role in Telkom's dual listing and implemented the Sarbanes-Oxley internal control framework following the 2008 Global
Financial Crisis. Robin was appointed Director of Batseta (Council of Retirement Funds of South Africa) in 2024, where
he serves on the Audit and Finance sub-committee. He holds a CA(SA) designation, an Honours Degree in Accounting
Sciences from the University of South Africa, and a BCom in Accounting Sciences from the University of Pretoria.
The Board confirms that, in relation to Mr Coode's appointment, a fit and proper assessment has been conducted, and
the Board is satisfied with the outcome of the assessment. Additionally, the Company confirms that there are no positive
statements to report in respect of the integrity information contained in Mr Coode's director's declaration.
The Board welcomes Robin to the Group and congratulates Norma on her appointment as Chair of the Board.
Mr Masie, the outgoing Chair of the Board (who remains an Executive Director of the Company), commented: "Serving
as Chairman of Africa Bitcoin Corporation over the past three years has been one of the most meaningful chapters of
my career. I am proud of what this Board and management team have built together, and I have full confidence in
Norma's leadership as she takes the role as Chair. My commitment to the Company remains absolute and I look forward
to continuing as a Director and to dedicating my full energy to the Company's Bitcoin treasury strategy, which I believe
represents a genuinely transformational opportunity for shareholders, the SME's we scale and for Africa".
Johannesburg
10 April 2026
JSE Designated Advisor NSX Sponsor
Questco Corporate Advisory Cirrus Securities (Pty) Ltd
Member of the Namibian Stock Exchange
Date: 10-04-2026 09:00:00
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