Media, entertainment and leisure holding group Johnnic Holdings has named acting chief and financial director Christine Ramon its CEO with immediate effect, the group announced on Wednesday.
The 36-year-old Ramon joined the group in 1995 as chief accountant and for five years held the position of general manager: finance and administration before being appointed financial director.
Before she joined Johnnic Holdings, Ramon was an audit manager at Coopers & Lybrand in Umtata (now Mthatha).
In 1994, Ramon was seconded by Coopers & Lybrand (Johannesburg) to the Independent Electoral Commission as deputy finance director.
She is a non-executive director at Johnnic Communications (Johncom) and holds directorship positions in Gallagher Estate Holdings and the National Health Laboratory Service.
Ramon has BCompt and BCompt (Hons) degrees and is a qualified chartered accountant.
Johnnic shareholders approve Johncom unbundling
Meanwhile, Johnnic Holdings has announced that at the general meeting of shareholders held on Wednesday, the requisite majority of shareholders voted in favour of the ordinary resolutions necessary to implement the distribution in specie by Johnnic to its shareholders of its entire shareholding in media and entertainment group Johncom.
The record date for distribution is March 24.
The total number of Johnnic shares in issue amounts to R166 470-million and the total number of Johncom shares to be unbundled amounts to 65 098-million as indicated in the unbundling circular.
Accordingly, shareholders will be entitled to receive 39,10497 Johncom shares for every 100 shares held in Johnnic at the record date as the final unbundling ratio.
Following the unbundling, the holding company will focus on gaming, leisure and hotel businesses. — I-Net Bridge