Nvest Financial Holdings Limited announced that it has entered into an agreement with the shareholders of NFB Gauteng in terms of which the company will acquire 100% of the shares in NFB Gauteng for a consideration of ZAR 62,700,000 to be settled through the issue of 33,000,000 ordinary shares at ZAR 1.90 per share. Pursuant to the Acquisition, the board of directors of NVest has approved the
appointment of Mike Estment as an executive director with effect September 1, 2015. The company announced that resignations of the following Directors have been approved: Philip Barry Bartlett, Robert More McIntyre, Travis Henry McClure, Brendan Joseph Connellan,
Gavin Robin Ramsay. Brendan Joseph Connellan will also remain as Company Secretary. Following the board restructure, with effect from September 1, 2015, the Board of Directors of the company will comprise the following: Jonathan Goldberg ­- Chairman (Independent Non-Executive Director), Anthony Denis Godwin -­ Chief Executive Officer, John Philip Ross-Smith -­ Independent Non-Executive Director, Siviwe Relebohile Kwatsha ­- Independent Non-Executive Director, Dylan Leigh Schemel -­ Non-Executive Director, Frank Terence Knox -­ Financial Director, Michael Estment -­ Executive Director, Andrew Vincent Kent -­ Executive Director.