AECI Limited Resignation of Chief Financial Officer

 
TIDM87FZ 
 
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 - RESIGNATION OF CHIEF FINANCIAL OFFICER 
 
In compliance with paragraphs 3.59 of the JSE Limited (JSE) Listings 
Requirements and 6.39 of the JSE Debt Listings Requirements, the AECI Board of 
Directors of ("the Board") hereby notifies its shareholders and noteholders 
that it has accepted the resignation of the Chief Financial Officer (CFO) of 
AECI, Ms Aarti Takoordeen, for personal reasons, and with immediate effect. 
 
Shareholders are further advised that the Board has appointed Rafael Fernandes 
as acting Chief Financial Officer of AECI effective until further notice. Mr 
Fernandes has been group CFO for AECI Mining since 2015 and knows the company 
and its leadership well. He is a qualified chartered accountant (SA) with a 
B.Com Honours degree in Accounting, an ACMA qualification from CIMA, and has 
completed the Strategic Financial Leadership Programme at Stanford University. 
 
The Board has initiated a process to identify a new CFO and will consider 
internal and external candidates. 
 
Woodmead, Sandton 
 
26 April 2023 
 
Equity and Debt Sponsor: 
 
Rand Merchant Bank (A division of FirstRand Bank Limited) 
 
 
 
END

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April 26, 2023 08:45 ET (12:45 GMT)

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