| In terms of paragraph 3.59 of the Listings Requirements of JSE Limited, notification is hereby given of the following changes to the ARM Board of Directors (“the Board”) and Board committees: |
| 1. Appointment of Directors |
| The Board is pleased to announce the appointment of Ms Tshifhiwa Gladys Ramuthaga (“Ms T G Ramuthaga”) and Mr Peter William Steenkamp (“Mr P W Steenkamp”) as Independent Non-executive Directors of the Company with effect from and including Thursday, 6 February 2025, until such appointments are confirmed by the shareholders of the Company at ARM’s next annual general meeting. |
| 2. Mr Alexander Komope Maditsi steps down as a Director of ARM |
| The Board also announces that Mr Alexander Komope Maditsi (“Mr A K Maditsi”) will step down as an Independent Non-executive Director of ARM with effect from and including Monday, 30 June 2025. |
| 3. Changes in the functions and composition of Board committees |
| The Board has approved the separation of the functions of the Investment and Technical Committee by establishing an Investment Committee and a Technical Committee. |
| The membership of these Board committees, with effect from and including Thursday, 6 February 2025, is as follows: |
- The following Independent Non-executive Directors have been appointed as members of the Investment Committee:
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- The following Independent Non-executive Directors have been appointed as members of the Technical Committee:
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| o Mr |
JC Steenkamp (Chairman); |
| o Mr |
F Abbott; |
| o Mr |
DC Noko; |
| o Mr |
B Nqwababa; and |
| o Mr |
PW Steenkamp |
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| The Executive Chairman of ARM, Dr Patrice Motsepe, said: “I would like to welcome Tshifhiwa Ramuthaga and Peter Steenkamp as Independent Non-executive Directors. Tshifhiwa has 28 years of experience in information technology, of which 19 years were as a Chief Information Officer specialising in leading organisational transformation through technology. Peter has extensive experience in the mining industry and was most recently the Chief Executive Officer of Harmony Gold Mining Company Limited. I am confident that they have the expertise and experience that will contribute to the global competitiveness of the Company and the creation of value for its shareholders and benefits for its stakeholders. I would also like to thank Alex Maditsi for his valuable contribution to the ARM Board over many years. Alex will step down from the Board at the end of the current financial year, and I wish him everything of the very best.” |
| For the full document, click the link below: |
| African Rainbow Minerals Limited |
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