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LIBSTAR HOLDINGS LIMITED - Change to the board of directors

Release Date: 18/12/2018 09:50
Code(s): LBR     PDF:  
 
Wrap Text
Change to the board of directors

Libstar Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 2014/032444/06)
(JSE share code: LBR)
(ISIN: ZAE000250239)
(“Company” or “Libstar”)


CHANGE TO THE BOARD OF DIRECTORS – APPOINTMENT OF INDEPENDENT NON-EXECUTIVE DIRECTOR

Shareholders are referred to the SENS announcement in which the Company advised that Ms
Phumzile Langeni has resigned as an independent non-executive director of Libstar, Chairman
of the Audit and Risk Committee and Chairman of the Social and Ethics Committee, effective 31
December 2018. Ms Langeni’s resignation was necessitated by her recent appointment as the
President’s Special Investment Envoy. Libstar thanks Ms Langeni for her valuable input and
wishes her the best in her new role.

The Company is pleased to announce the appointment of Ms Sibongile Masinga as an
independent non-executive director of Libstar with effect from 14 December 2018. Sibongile will
assume the roles of Chairman of the Audit and Risk Committee and Chairman of the Social and
Ethics Committee.

Ms Masinga is a co-founder and shareholder of the Afropulse Group, a woman-led investment,
investor relations and corporate advisory group. She holds a Bachelor of Commerce Degree and
has also completed the USA-SA Leadership and Entrepreneurship Programme at the Wharton
School of Business. She will be contributing valuable industry-related experience as she currently
serves as a non-executive director on the boards of the Bidvest Group Limited and Master
Plastics Limited.

The Company welcomes Ms Masinga and looks forward to her contribution whilst wishing her all
the best in her new role.

Johannesburg
18 December 2018

Sponsor:
The Standard Bank of South Africa Limited

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