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Pin to quick picksAeci 5 1/2% Prf Regulatory News (87FZ)

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Directorate Change

18 Feb 2022 11:45

AECI Limited - Directorate Change

AECI Limited - Directorate Change

PR Newswire

London, February 18

AECI LIMITED

Incorporated in the Republic of South Africa

(Registration number: 1924/002590/06)

Share code: AFE ISIN: ZAE000000220

Hybrid code: AFEP ISIN: ZAE000000238

Bond company code: AECI

LEI: 3789008641F1D3D90E85

(AECI or the Company or the Group)

CHANGE TO THE BOARD: APPOINTMENT OF AN EXECUTIVE DIRECTOR

In compliance with paragraphs 3.59 of the JSE Limited (JSE) Listings Requirements and 6.39 of the JSE Debt Listings Requirements, AECI is pleased to announce that Ms Aarti Takoordeen will join the Group as Chief Financial Officer (CFO) and Executive Director with effect from 20 May 2022. In addition to these roles, her extended portfolio will include Mergers and Acquisitions, Information Technology, Enterprise Risk Management, and Strategic Projects. Furthermore, Aarti Takoordeen will be appointed Chairman of AECI Property Services. The Group confirms that the appointment of Ms Takoordeen was done in accordance with AECI’s Board Nomination, Composition and Diversity policy.

She succeeds Mark Kathan who takes up another key role in the Group.

Aarti Takoordeen has served as Group CFO and Executive Director of the JSE Limited for the past nine years. She brings strong leadership and depth of experience in capital markets, information technology, manufacturing and professional services.

Prior to the JSE she held Executive roles at Johnson Controls International and Hewlett -Packard across Middle East and Africa. She is a Chartered Accountant, Harvard Alumni and named a Young Global Leader by the World Economic Forum.

“I am excited to join the AECI leadership team and look forward to being part of driving the Group’s Strategic growth agenda,” says Aarti Takoordeen.

Khotso Mokhele, Chairman of AECI states: “It is a pleasure to welcome Aarti Takoordeen to AECI and the Board looks forward to the benefits of her knowledge and experience. Her appointment further strengthens the Board in terms of skills and diversity. Furthermore, the Board wishes to thank Mark Kathan for his valuable contribution as CFO since 2008. Mark assumes leadership responsibility for AECI Mining, the Group’s largest business.”

Mark Dytor, AECI Chief Executive Officer, notes: “AECI has brought its exceptional core businesses under one brand and the leadership of “One AECI”, which is instrumental in guiding our further expansion. AECI is proud to appoint Aarti Takoordeen who brings a rich skill set and experience which will add to the leadership that is decisively driving AECI forward.”

Ms Takoordeen’s appointment on the relevant Board committees will be confirmed in due course.

Khotso Mokhele Mark Dytor

Chairman Chief Executive

Woodmead, Sandton

18 February 2022

Sponsor and Debt Sponsor: RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date   Source Headline
7th Sep 20219:05 amPRNInterest and Capital Payments Notification
3rd Sep 20218:39 amPRNHolding(s) in Company
11th Aug 20211:30 pmPRNHolding(s) in Company
5th Aug 202112:00 pmPRNInterest Payments Notification
28th Jul 20219:54 amPRNCorrection - Availability of Interim Presentation
28th Jul 20219:30 amPRNAvailability of Interim Results Presentation
28th Jul 20217:00 amPRNSummarised interim financial results to 30 June 2021
16th Jul 20211:39 pmPRNTrading Statement for 6 Months ended 30 June 2021
12th Jul 202112:00 pmPRNAvailability of B-BBEE Compliance Report
30th Jun 202111:30 amPRNAppointment of Group Company Secretary
21st Jun 20213:30 pmPRNCancellation of engagement with dissenting shareholders
17th Jun 20219:15 amPRNAppointment of Independent Non-Executive Director
4th Jun 202111:00 amPRNInterest Payments Notification
2nd Jun 20212:30 pmPRNDealings of a Director of a Major Subsidiary
2nd Jun 202110:00 amPRNSection 45(5) Notice
27th May 20217:24 amPRNResult of AGM
25th May 20218:11 amPRNPreference Dividend Declaration
10th May 20219:00 amPRNInterest Payments Notification
4th May 20217:00 amPRNDirectorate Change
30th Apr 20219:30 amPRNAcceptance of LTIP awards
26th Apr 202112:00 pmPRNNotice of AGM & No Change Statement
26th Apr 20219:46 amPRNDirector/PDMR Shareholding
12th Apr 20212:30 pmPRNDirector/PDMR Shareholding
29th Mar 20219:30 amPRNDealings in Securities re LTIP
25th Mar 20218:50 amPRNDealings in Securities re LTIP
18th Mar 20219:00 amPRNDealings in Securities re LTIP
5th Mar 20218:00 amPRNInterest Payment Notification
24th Feb 20218:40 amPRNAvailability of Annual Results Presentation
24th Feb 20217:00 amPRNYear-end Results & Dividend Declaration
17th Feb 20217:50 amPRNTrading Statement
10th Feb 20219:12 amPRNInterest Payments Notification
5th Feb 202110:00 amPRNHolding(s) in Company
18th Dec 20208:32 amPRNAppointment of Acting Group Company Secretary
7th Dec 20201:00 pmPRNInterest Payments Notification
7th Dec 202010:26 amPRNResignation of Group Company Secretary
24th Nov 202010:30 amPRNDirectorate Change
20th Nov 202010:00 amPRNPreference Dividend Declaration
12th Nov 202012:48 pmPRNInterest Payments Notification
6th Nov 20201:00 pmPRNDealings in Securities
19th Oct 202012:30 pmPRNAppointment of Debt Officer
17th Sep 202012:30 pmPRNAvailability of B-BBEE Compliance Report
16th Sep 202011:00 amPRNPayment Date: Final Ordinary Cash Dividend
4th Sep 202010:00 amPRNInterest Payments Notification
12th Aug 20209:30 amPRNInterest Payments Notification
29th Jul 202010:00 amPRNAvaliability of Presentation
29th Jul 20207:30 amPRNSummarised unaudited consolidated interim results
23rd Jul 20209:03 amPRNLTIP shares purchase
21st Jul 202010:00 amPRNDealings in Securities re the AECI LTIP
17th Jul 20202:00 pmPRNTrading Update
15th Jul 20209:30 amPRNDealings in Securities re the AECI LTIP

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