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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
5th Sep 20073:04 pmPRNSale of Dulux’s SA Ops Fulfillment of conds precedent
1st Aug 20077:00 amPRNDirectorate Change
24th Jul 20077:01 amPRNDividend Declaration
24th Jul 20077:00 amPRNHalf-yearly Report
17th Jul 200712:06 pmPRNSale of Business
17th Jul 200712:06 pmPRNSale of Business
29th Jun 20077:00 amPRNTrading Statement
22nd May 20074:00 pmPRNDirectorate Change
21st May 200710:41 amPRNResult of AGM
18th May 20072:00 pmPRNCompany Secretary Change
15th May 20078:30 amPRNPreference Dividend Declaration
9th May 20077:00 amPRNDirectorate Change
2nd May 20078:30 amPRNAppointment of Non-Executive Director
3rd Apr 20073:07 pmPRNNo Change Statement & Notice of AGM
7th Mar 20077:00 amPRNAppointment of Company Secretary
20th Feb 20079:05 amPRNResults for the year ended 31.12.06 & Div Dec
12th Feb 200711:27 amPRNTotal Voting Rights
18th Dec 20067:00 amPRNDirector/PDMR Shareholding
6th Dec 20063:34 pmPRNTrading Statement
1st Dec 20069:24 amPRNDirectorate Change
6th Sep 20067:00 amPRNDirectorate Change
25th Jul 20068:46 amPRNInterim Results & Dividend Declaration
28th Jun 200612:39 pmPRNDirectorate Change
12th Jun 200610:14 amPRNTrading Statement
16th May 20068:10 amPRNNotice to Preference Shareholders Div. No. 136
7th Apr 20061:04 pmPRNAnnual Report and Accounts
21st Feb 200610:01 amPRNGroup audited financial results : year ended 31.12.05
21st Nov 200510:13 amPRNDirectorate Change
17th Nov 200511:25 amPRNDividend Declaration
26th Jul 20058:34 amPRNInterim Results
1st Jul 20056:00 amPRNTrading Statement
19th May 20058:00 amPRNDividend Declaration: Preference Shareholders
8th Apr 20053:48 pmPRNAnnual Report and Accounts
22nd Feb 20057:00 amPRNGroup audited financial results to 31.12.04

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