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)