Netcare Limited: Results of Annual General Meeting and Update on CEO Succession Planning

Shareholders are advised that the voting results of the virtual annual general meeting of Netcare (“AGM”) held on Friday, 7 February 2025, were as follows:
* Based on 1 417 549 301 ordinary shares in issue as of the date of the AGM.
** About the total number of ordinary shares voted at the AGM.
*** About the total number of ordinary shares in the issue as of the date of the AGM.
Based on the above voting results, all resolutions were passed by the requisite majority of Netcare shareholders represented at the AGM.
Shareholders are further advised that, about the CEO succession, the selected candidate recently informed the Netcare board (the “Board”) that certain unforeseen contractual obligations will not make it possible to assume the role of Netcare CEO within the agreed timeframe. In light of this, Dr. Friedland has accepted the Board’s request to continue serving as the Group CEO until the end of September 2026. In the interim, the Board remains committed to the CEO succession planning process and will continue working towards identifying a suitable candidate to ensure a smooth and strategic transition.
For the full document, click the link below:
Netcare Limited
Stay ahead of the curve! Subscribe to InsidEntity for daily updates on all your favourite companies.