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Changes to the Board of Directors
PBT Group Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1936/008278/06)
JSE Share code: PBG ISIN: ZAE000256319
("PBT" or “the Company” or “the Group”)
LEADERSHIP APPOINTMENTS AND CHANGES TO THE PBT BOARD OF DIRECTORS
In terms of paragraph 3.59 of the Listings Requirements of the JSE Limited, shareholders
are advised of the following changes to the board of directors of PBT (“Board”):
Board Changes
The Board has received and accepted the resignations of the current Chief Executive Officer
(“CEO”), Mr Pierre de Wet and Chief Financial Officer (“CFO”), Mr Murray Louw with effect from 30
March 2020 from their positions as executive directors of the Company. The Board would like to
thank Mr de Wet and Mr Louw for their valuable leadership and contribution to the Company over
many years. Mr de Wet and Mr Louw will remain available as consultants to the Company in order
to continue to serve PBT and ensure a smooth transition in leadership. They have contracted to
consult for a minimum of one year, renewable by mutual consent in order to ensure continuity in the
business.
The Group has experienced strong recovery since exiting the Middle East/ Africa component of its
business, resulting in very satisfactory profitability and a solid base for future growth. PBT has had
very low staff turnover since inception and has a strong culture of internal promotion when
opportunities might arise. Consequently, the Board has appointed Mrs Elizna Read as the CEO of
PBT and Mrs Bianca Pieters as CFO of the Company with effect from 31 March 2020.
Mrs Elizna Read is currently the Chief Operations Officer of PBT Group South Africa. She joined
PBT in 2000 and has served in several managerial positions, thereby garnering extensive
knowledge about all aspects of the Company’s business. She was appointed as the Human
Resources Director of PBT in 2008, was promoted to Operations Director in 2014 and during April
2018 she was appointed as the Chief Operations Officer of the Company.
Mrs Bianca Pieters is a qualified CA(SA) and joined PBT in 2010 as the Group accountant and
Company Secretary when PBT listed on the JSE Limited via the Wooltru Limited reverse listing.
Together with the CFO and CEO, Mrs Pieters has been responsible for all financial functions of the
Group and also fulfilled the role of Corporate Governance Manager since April 2017.
Company Secretary
Mrs Pieters resigned as the Company Secretary of PBT with effect from 31 March 2020 in order to
take up the position of CFO. The Board has therefore appointed Ms Anastassia Sousa as Company
Secretary with effect from 31 March 2020. Ms Sousa is a qualified CA(SA) and commenced her
career with PBT in 2018. The Board is satisfied that she has the necessary skill, as displayed in her
previous position as Group accountant, to fulfil this role.
In filling the aforementioned positions, the Board has considered its Gender and Race diversity
policy and has endeavoured to increase female representation on the Board. The Board welcomes
the new appointees and wishes them well in their new roles.
Cape Town
1 April 2020
Sponsor:
Sasfin Capital
A member of the Sasfin Group
Date: 01-04-2020 04:30:00
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