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4SIGHT HOLDINGS LIMITED - Change in Role of Directors

Release Date: 12/10/2018 11:00
Code(s): 4SI     PDF:  
Wrap Text
Change in Role of Directors

(Incorporated in the Republic of Mauritius)
(Registration number: C148335 C1/GBL)
(“4Sight Holdings” or “the Company”)
ISIN Code: MU0557S00001 JSE Code: 4SI


In compliance with paragraph 3.59 of the Listings Requirements of the Johannesburg
Stock Exchange (“JSE”), shareholders are advised that there will be a change in the
roles of directors with the move of Professor Antonie van Rensburg (“Antonie”) from
Chief Executive Officer (“CEO”) to Chief Digital Officer, with effect from 31 December
2018. This decision is largely due to the demand for Industry 4.0 solutions being far
greater than anticipated and the difficulty in securing a suitable candidate to lead
the digital transformation strategy. Going forward, Antonie will drive this strategy and
be more customer facing.

The Financial Director, Mr Jacques Hattingh will focus on the other day-to-day
operational duties and responsibilities of CEO.

Antonie and Jacques will accordingly act in a joint CEO capacity until the Board
completes its task of identifying a suitable successor to Antonie to drive the group’s
other expansion and international strategies, in order to ensure continuity.

12 October 2018

Designated Advisor
Arbor Capital Sponsors Proprietary Limited

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