Stakeholders are referred to the X-News announcement of 26 May 2020 where the market was informed of the secondment of Mr Botshelo Mokotedi, the Head of Risk at Botswana Development Corporation (“BDC”), a major shareholder in LLR, to hold the fort as Acting CEO while the Board completes its investigation into matters relating to the Company’s Long-term Incentive Plan (“LTIP”).
Stakeholders are advised that in terms of the agreement with BDC, the acting CEO secondment ends today and that Ms Kamogelo Mowaneng, the Chief Financial Officer of LLR, has been appointed as interim CEO with immediate effect.
