Change in function of directors
Change in function of directors City Lodge Hotels Limited “City Lodge” or the “Company” (Reg. No. 1986/002864/06) (Incorporated in the Republic of South Africa) Share Code: CLH ISIN Code: ZAE000117792 CHANGE IN FUNCTION OF DIRECTORS In compliance with Sections 3.59 of the JSE Listings Requirements, shareholders are advised that: 1. following the unwind of the BEE transaction and indirect repurchase by the Company of 99.99% of the shares in Vuwa Hotels Pty Ltd (“Vuwa”), the board has reviewed the classification of the non-executive Chairman, Mr Bulelani Ngcuka, who now indirectly holds 0.01% of the shares in Vuwa, and has determined that he can be regarded as independent with immediate effect; and 2. as a result of the reclassification of Mr Ngcuka as independent, there is no longer a requirement for the role of a lead independent director. The board is however pleased to announce that Mr Frank Kilbourn, who has served as lead independent director since 2014, will assume the role of Deputy Chairman with effect from 9 September 2021. 10 September 2021 Bryanston Sponsor Nedbank Corporate and Investment Banking, a division of Nedbank Limited Date: 10-09-2021 04:50:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.