The Company wishes to inform shareholders that it is in discussions with its largest shareholders with regard to aligning the composition of the Board with its strategic priorities.
Under the leadership of Peter Nelson, the PPC Board of directors has successfully led the Company through a period of significant headwinds. Having achieved a number of significant milestones and stabilised the business, the Board has now turned its attention to the future ambitions of the Company.
To date the Company has received nominations for Mr Jabu Moleketi as successor to the chairman; and Mr Anthony Ball and Ms Noluvuyo Mkhondo to non-executive directorships. All nominations will be evaluated and appointments announced in due course.
All new board appointments will be confirmed by shareholders at the next annual general meeting.