Board changes at Insimbi

The board of directors of Insimbi Refractory & Alloy Supplies Limited have announced the appointment of Christiaan Coombs as an Executive Director and Robert Dickerson as a Non-Executive Director of the board with effect from 16 January 2017 as part of the restructure of the board following the AMR Group acquisition.

The board has also announced the appointment of Brian Craig as an interim Chairperson with effect from 1 February 2017 following the resignation of the former Chairperson, Lerato Okeyo. Craig’s term of office as interim chairperson will be determined after a thorough review of the operating structure of the business post the AMR Group acquisition, where after a permanent appointment will be made.

The board is also pleased to inform shareholders that the finalisation announcement about the acquisition by the company of 100% of the issued share capital of the AMR Group has also been completed as the transaction was approved by the requisite majority of shareholders, and that the conditions precedent for the transaction were finalised and the transaction is now unconditional.

Shareholders have also been notified that Sandra Saunders has been appointed as the Company Secretary following the resignation of Kristell Holtzhausen.