Sharenet Sites 
Sharenet Sites
Update on Executive Directors and Operations
PEMBURY LIFESTYLE GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2013/205899/06)
(“PL Group” or “the Company”)
ISIN Code: ZAE000222949 JSE Code: PEM
UPDATE ON EXECUTIVE DIRECTORS AND OPERATIONS
Shareholders are referred to the recent resignation of the group Financial Director on 10 January 2019
and are advised that a number of concerns have been brought to the Board’s attention around the
Chief Executive Officer (“CEO”), compliance and corporate governance. The CEO was placed on
temporary leave pending an investigation into various concerns. The CEO is currently attempting to
resist the Board’s decision and the matter is being dealt with by the Board. The Company’s Chief
Operating Officer remains in place.
The Audit and Risk Committee will be considering the appointment of a new Financial Director but has
a competent financial team in place headed by a Chartered Accountant, which is busy preparing for
the audit. The former Financial Director also remains available to assist the Company, if required,
subject to a suitable arrangement with the Company.
Other than the matter with the CEO, the Company’s operations are continuing as normal and a good
intake of pupils has been experienced. The steps taken by the Company to close down two loss
making schools and review the cost structure last year are also expected to have a positive impact.
The Board aims to resolve the governance issues as a matter of priority.
By order of the board
Johannesburg
27 January 2020
Designated Advisor
Arbor Capital Sponsors
Date: 27-01-2020 01:55:00
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.
