Adcorp Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1974/001804/06)
Share code: ADR & ISIN: ZAE000000139
APPOINTMENT OF NON-EXECUTIVE DIRECTOR
In compliance with the Listings Requirements of the JSE Limited, shareholders are advised that Mr. Tebogo Paul Moeketsi has been appointed as a non-executive director of Adcorp with effect from 5 February 2018. Mr. Moeketsi will replace Mr. Sithole as a member and Chairman of Adcorp's Investment Committee also with effect from 5 February 2018.
Mr. Moeketsi represents Value Capital Partners (Pty) Ltd ("VCP"), with funds managed by VCP being a shareholder in Adcorp.
Mr. Moeketsi, a CA(SA), is an Investment Director at VCP. Prior to joining VCP, he was a Principal at Medu Capital, a leading mid-market private equity firm, where he spent 8 years as a deal executive responsible for deal sourcing, deal execution and portfolio management. Prior to joining Medu Capital, he was a consultant at Investec Corporate Finance, where he gained valuable experience in all aspects of corporate finance, including mergers and acquisitions, disposals, JSE listings and BEE transactions. Mr. Moeketsi completed his articles and training at the Financial Services Division of KPMG.
The Board welcomes Mr. Moeketsi and looks forward to his contribution to the Group.
5 February 2018
Sponsor: Deloitte & Touche Sponsor Services Proprietary Limited