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NEWPARK REIT LIMITED - Changes to the Board of Directors

Release Date: 13/07/2022 12:06
Code(s): NRL     PDF:  
Wrap Text
Changes to the Board of Directors

NEWPARK REIT LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2015/436550/06)                                                                           
JSE share code: NRL ISIN: ZAE000212783
(Approved as a REIT by the JSE)
(“Newpark” or “the company”)


CHANGES TO THE BOARD OF DIRECTORS


Shareholders are advised that Simon Fifield has informed the board of directors of Newpark (the “board”) of
his intention to resign as chief executive officer (“CEO”) of the company in order to allow him more time to
focus on other opportunities.

Simon will step down as CEO with effect from 1 November 2022 and Auri Benatar will be appointed as CEO
with effect from the same date.

Auri holds a BSc (Honours) degree in Property Studies and has extensive experience in the real estate
investment and asset management sectors. He currently holds the position of executive director at Trademarc
Property Fund (Pty) Ltd and Wainer and Associates Property Consultants (Pty) Ltd and has previously held
the position of Head of Acquisitions and Disposals at Redefine Properties Ltd.

The board thanks Simon for his invaluable contribution, leadership and guidance since Newpark’s listing in
2016 and wishes him well in his future endeavours. The board welcomes Auri as the company’s future CEO
and looks forward to his contribution to the company.

13 July 2022


Designated advisor
Java Capital

Date: 13-07-2022 12:06:00
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