Inactive Instrument

Group Five Limited

Equities

GRF

ZAE000027405

Group Five Limited Announces Change of Chief Executive Officer

February 01, 2019 at 01:30 pm EST

The Board of Group Five Limited announced the resignation of CEO, Solomon Themba Mosai, with effect from January 31, 2019. The board has commenced a search for a new chief executive officer for the Group. The Board has thus deemed it expedient to appoint Dr. Thabo C Kgogo as Interim CEO of Group Five pending said recruitment, with effect from February 1, 2019. As a sitting non-executive director, Dr. Kgogo has good knowledge of the Group and comes with a wealth of experience as CEO and in capital projects implementation.

Latest news about Group Five Limited

Lonsa Group Limited, Legacy Africa Capital Partners Fund I, a fund managed by Legacy Africa Fund Managers Ltd and Everite Building Products Pty Ltd.’s management acquired Everite Building Products Pty Ltd. from Group Five Limited for ZAR 600 million.	21-05-12	CI
Lancaster Group led consortium, together with NuOrion Partners and Management acquired Intertoll Europe ZRt. from Group Five Limited for approximately €110 million.	20-08-09	CI
An Unknown buyer cancelled the acquisition of 40.1% stake in Intertoll Capital Partners BV from Group Five Limited	20-05-14	CI
An unknown cancelled the acquisition of 28.9% stake in Jozi Power Limited from Group Five Limited.	20-05-14	CI
An Unknown buyer cancelled the acquisition of 50% stake in Barnes Reinforcing Industries Limited from Group Five Limited.	20-05-14	CI
Agile Capital, Trinitas Private Equity and Barnes family cancelled the acquisition of Everite Building Products, Sky Sands and Barnes Reinforcing Industries from Group Five Limited.	20-01-16	CI
Barnes Group Holdings Ltd agreed to acquire additional unknown stake in Barnes Reinforcing Industries Limited.	20-01-15	CI
Group Five Limited Announces Resignation of Thabo Clifford Kogo as Interim CEO	19-10-08	CI
Group Five Limited Announces Appointment of Claire Middlemiss as Company Secretary	19-09-10	CI
Group Five Limited Announces Board Changes	19-06-25	CI
An Unknown buyer entered into a binding agreement to acquire 40.1% stake in Intertoll Capital Partners BV from Group Five Limited.	19-05-14	CI
An unknown buyer entered into a binding agreement to acquire 28.9% stake in Jozi Power Limited from Group Five Limited.	19-05-14	CI
An Unknown buyer entered into a binding agreement to acquire 50% stake in Barnes Reinforcing Industries Limited from Group Five Limited.	19-05-14	CI
Group Five Plans To Begin Offloading Assets To Keep Afloat	19-04-15	CI
Group Five Limited Announces Resignation of Nonqaba Cecilia Katamzi as Company Secretary, Effect from March 31, 2019	19-03-20	CI
Group Five Limited Announces Change of Chief Executive Officer	19-02-01	CI
Group Five Limited Announces Executive Appointments	19-01-24	CI
Agile Capital, Trinitas Private Equity and Barnes family entered into a binding offer to acquire Everite Building Products, Sky Sands and Barnes Reinforcing Industries from Group Five Limited.	19-01-16	CI
Group Five Limited Announces the Resignation of Nazeem Martin as Independent Non-Executive Director and Remuneration Committee Chairperson, with Last Day in the Role on 31 December 2018	18-12-19	CI
Group Five Receives Expressions Of Interest For Various Parts Of Group's Business	18-12-13	CI
Group Five Limited Announces Chief Financial Officer Changes	18-12-12	CI
Group Five Limited Reports Audited Consolidated Earnings Results for the Year Ended June 30, 2018	18-11-05	CI
Greenbay Properties Ltd. (MUSE:GFP.N0000) cancelled the acquisition of European assets and businesses from Group Five Limited.	18-10-12	CI
Group Five Limited Auditor Raises 'Going Concern' Doubt	18-10-02	CI
Group Five Limited Reports Audited Group Earnings Results for the Year Ended June 30, 2018	18-10-02	CI

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Company Profile

Group Five is a building and civil engineering works organized around 4 areas of activity: - construction of buildings and civil engineering infrastructures (66.9%): roads, ports, airports, industrial sites, mining infrastructure, residential and non-residential buildings, etc. The group also provides engineering services primarily to mechanic, electricity and mining and petrochemical industries sectors; - manufacturing of building materials and steel products (15.1%): fiber-cement products, reinforcing bars, metal structures, profiles, etc.; - management under concession and infrastructure maintenance (13.5%). Group Five also develops a real estate management activity; - development and management of power projects (4.5%). Net sales break down geographically as follows: Africa (91.5%) and Europe (8.5%).

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