PPC shareholders seek board overhaul

090508 Cement companies in South Africa are to increase their prices on cement.picture Simphiwe Mbokazi 8

090508 Cement companies in South Africa are to increase their prices on cement.picture Simphiwe Mbokazi 8

Published Oct 31, 2014

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Johannesburg - Cement maker PPC said on Friday it would convene a general meeting to consider removal of its entire board after three shareholders holding a 10 percent stake requested it.

“The board has resolved in the interest of certainty and transparency to convene a meeting of shareholders, which is likely to occur in the first half of December,” PPC said in a filing to regulators. - Reuters

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