In a recent development at Rebosis Property Fund Limited, significant changes have been made to the company’s board of directors as it navigates through business rescue proceedings. The announcement, made by the joint Business Rescue Practitioners (BRPs), unveils the resignation of three key members from the board, effective February 13, 2024.
Resignation of Directors
Mr. Otis Tshabalala, Ms. Zandile Kogo, and Ms. Sandra Mqina have tendered their resignations from Rebosis’ board of directors. Their departure marks a shift in the company’s leadership amidst the ongoing business rescue process. The trio’s contributions to Rebosis are acknowledged, and the company extends its best wishes for their future endeavors.
Management Control in Business Rescue Proceedings
During the business rescue proceedings, the Joint BRPs assume full management control of Rebosis Property Fund Limited, effectively replacing the existing board and management. This move is in line with regulatory requirements and aims to steer the company through the complexities of the business rescue process.
Shareholder Communication
Rebosis assures shareholders that updates regarding the progress of the business rescue process will be communicated in due course. The company remains committed to transparency and aims to keep stakeholders informed about developments that may impact them.
Board Changes at Rebosis Property Fund Limited
| Name | Position | Effective Date |
|---|---|---|
| Mr. Otis Tshabalala | Director | February 13, 2024 |
| Ms. Zandile Kogo | Director | February 13, 2024 |
| Ms. Sandra Mqina | Director | February 13, 2024 |
Conclusion
The changes to Rebosis’ board of directors signal a pivotal moment for the company as it traverses through the business rescue process. With the Joint BRPs taking control, Rebosis aims to navigate the challenges ahead with resilience and transparency. Shareholders can expect further updates as the company progresses through the business rescue proceedings.
This website uses cookies.
