Enhanced Investments - Financial Portal

Resignation and appointment of Independent non-executive directors and chairman

Published: 2023-06-02 13:00:21 ET

AVI Limited
Registration Number 1944/017201/06
Share Code: AVI
ISIN: ZAE000049433
(“AVI” or “the Company”)


RESIGNATION AND APPOINTMENT OF INDEPENDENT NON-EXECUTIVE DIRECTORS
AND CHAIRMAN

Gavin Tipper, a non-executive director of the AVI Board of
directors (“Board”) since March 2007 and Chairman of the Board
since July 2012, accepted an executive position outside AVI in
August 2022 and advised then of his intention to resign from the
Board once a successor had been appointed.

Following an extensive search, the Board is pleased to announce
the appointment of Michael (Mike) John Watters to the Board as an
independent non-executive director with effect from 1 June 2023,
and as Chairman from 1 July 2023.

Mike was the CEO of RDI REIT PLC from April 2006 until his
retirement in December 2020.     He has served on the boards of
Redefine Properties Limited, Hyprop Investments Limited, Sycom
Property Fund (JSE-listed), the Cromwell Property Group (listed on
the ASX) and he chaired the RBH Hospitality Group Limited (UK).

On behalf of the Board, I welcome Mike to the Company.

The Board extends its gratitude to Gavin for his long service and
material contribution to the Company.


Abe Thebyane
Chairman of the Remuneration Committee



Illovo
Sandton
2 June 2023

Sponsor
The Standard Bank of South Africa Limited

Enhanced Investments, Inc.
329 South Oyster Bay Road #2085
Plainview, NY 11803
team@eninvs.com

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Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.