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Naspers Limited (NPSN)

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Monday 18 December, 2017

Naspers Limited

AMENDMENTS TO COMPOSITION OF BOARD COMMITTEES

RNS Number : 6350Z
Naspers Limited
18 December 2017
 

 

 

Naspers Limited

(Incorporated in the Republic of South Africa)

(Registration number 1925/001431/06)

JSE share code: NPN   ISIN: ZAE000015889

LSE ADS code: NPSN   ISIN: US 6315122092

("Naspers" or "the company")

 

 

 

 

AMENDMENTS TO COMPOSITION OF BOARD COMMITTEES

 

 

Shareholders are advised that the composition of the human resources and remuneration committee, the nomination committee and the social and ethics committee will be amended.

 

Human resources and remuneration committee

 

Rachel Jafta, independent non-executive director, steps down from the committee. The board thanks Prof Jafta for her valuable contribution to the committee and for her excellent chairmanship. Cobus Stofberg steps down as an alternate committee member. The board thanks him for his valuable contribution.

 

New composition of the committee:

Chair:                    Craig Enenstein, independent non-executive director - new appointment

Members:           Emilie Choi, independent non-executive director - new appointment

Fred Phaswana, independent non-executive director - no change

Koos Bekker non-executive director - no change

Roberto Oliveira de Lima, independent non-executive director - new appointment

 

 

Nomination committee

 

Koos Bekker, non-executive director and chair of the board, steps down as chair of the committee. He remains a member of the committee. The board thanks Mr Bekker for his excellent chairmanship of this committee. Cobus Stofberg steps down as an alternate committee member. The board thanks him for his valuable contribution.

 

New composition of the committee:

Chair:                    Rachel Jafta, independent non-executive director - previously a member, now chair

Members:           Craig Enenstein, independent non-executive director - new appointment

Fred Phaswana, independent non-executive director - no change

Hendrik du Toit, independent non-executive director - new appointment

Koos Bekker, non-executive director - previously chair, now a member

Roberto Oliveira de Lima, independent non-executive director - new appointment

 



 

Social and ethics committee

 

Basil Sgourdos, executive director, will step down from the committee and become an alternate to Bob

van Dijk, executive director. Cobus Stofberg, non-executive director, will join the committee.

 

New composition of the committee:

Chair:                    Don Eriksson, independent non-executive director - no change

Members:           Cobus Stofberg, non-executive director - new appointment                                                                      Debra Meyer, independent non-executive director - no change

Rachel Jafta, independent non-executive director - no change

Bob van Dijk, executive director - no change

Nolo Letele, executive director - no change

Esmaré Weideman, executive director of Media24 - no change

Alternate:           Basil Sgourdos, executive director - previously a member, now alternate to Bob van Dijk

 

 

Effective date of amendments

 

The effective dates of the amendments are:

·     Human resources and remuneration and nomination committees: 22 February 2018

·     Social and ethics committee: 26 March 2018

 

The curricula vitae of all committee members are available on www.naspers.com.

 

 

Cape Town

18 December 2017

Sponsor: Investec Bank Limited

 

 

 

 

About Naspers:

Founded in 1915, Naspers is a global internet and entertainment group and one of the largest technology

investors in the world. Operating in more than 120 countries and markets with long-term growth potential, Naspers builds leading companies that empower people and enrich communities. It runs some of the world´s leading platforms in internet, video entertainment, and media.

 

Naspers companies connect people to each other and the wider world, help people improve their daily lives, and entertain audiences with the best of local and global content. Every day, millions of people use the products and services of companies that Naspers has invested in, acquired or built, including Avito, Brainly, Codecademy, Delivery Hero, eMAG, Flipkart, ibibo, iFood, letgo, Media24, Movile, MultiChoice, OLX, PayU, Showmax, SimilarWeb, SinDelantal, Swiggy, Twiggle, and Udemy. Similarly, hundreds of millions of people have made the platforms of its associates Tencent (www.tencent.com; SEHK 00700), Mail.ru (www.corp.mail.ru; LSE: MAIL), and MakeMyTrip Limited (www.makemytrip.com; NASDAQ: MMYT) a part of their daily lives.

 

Naspers is listed on the Johannesburg Stock Exchange (NPN.SJ) and has an ADR listing on the London

Stock Exchange (LSE: NPSN).

 

For more information, please visit www.naspers.com.

 

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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