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Merafe Resources Limited (JSE:MRF) News - Changes to the board of directors and the remuneration and nomination committee
Merafe Resources Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1987/003452/06)
JSE share code: MRF
ISIN: ZAE000060000
(“Merafe” or the “Company”)
CHANGES TO THE BOARD OF DIRECTORS AND THE REMUNERATION AND NOMINATION
COMMITTEE
In terms of paragraph 3.59 of the JSE Limited Listings Requirements, Merafe shareholders are advised
of the following changes to the Merafe board of directors (“Board”) and the Remuneration and
Nomination Committee (the “Committee”), with effect from 26 November 2021:
• Mr Michael Toman, a non-executive director and member of the Committee, has resigned from
the Board; and
• Mr Daniel Green has been appointed as a non-executive director of the Board and as a member
of the Committee.
Mr Toman’s resignation is as a result of having been promoted to a new role within Glencore
Ferroalloys, which includes management of the Glencore Merafe Chrome Venture, and which will place
him in a conflicted position on the Board.
Mr Green is a CA (SA) and has worked in banking, finance, marketing and mining corporate advisory
for the past eleven years, the last seven of which have been in a number of roles within the Glencore
Group. He is currently the head of Business Development for Glencore’s Ferroalloys and South African
Coal divisions.
The Board thanks Mr Toman for his contributions to Merafe and welcomes Mr Green to the Board and
looks forward to his contributions to the Company.
Sandton
29 November 2021
Sponsor
One Capital
Date: 29-11-2021 10:36:00
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