{"id":2158,"date":"2020-09-14T12:54:47","date_gmt":"2020-09-14T10:54:47","guid":{"rendered":"https:\/\/mybroadband.co.za\/news\/?p=367272"},"modified":"2020-09-14T12:54:47","modified_gmt":"2020-09-14T10:54:47","slug":"cell-c-announces-changes-to-board","status":"publish","type":"post","link":"https:\/\/interwebdev.co.za\/index.php\/2020\/09\/14\/cell-c-announces-changes-to-board\/","title":{"rendered":"Cell C announces changes to board"},"content":{"rendered":"<div><img decoding=\"async\" src=\"https:\/\/mybroadband.co.za\/news\/wp-content\/uploads\/2020\/09\/Cell-C.jpg\" class=\"ff-og-image-inserted\"><\/div>\n<p>Cell C has announced that David Shimkins of Net1 has been appointed to its board.<\/p>\n<p>Shimkins will replace Paul Edwards as one of Net1\u2019s Cell C board representatives with immediate effect.<\/p>\n<p>Net1 is a Cell C shareholder and is entitled to appoint two directors to the mobile operator\u2019s board. The second representative on the Cell C board from Net1 is Alex Smith.<\/p>\n<p>Shimkins is the founder of Nitinol Capital, which invests in and facilitates alternative debt and equity transactions.<\/p>\n<p>Before this, he was a partner at Calculus Capital and Capital Investment Advisory and has also held positions at Grindrod Bank and Brait Merchant Bank.<\/p>\n<p>He is a qualified chartered accountant and holds a Bachelor in Accounting Science with Honours from UNISA as well as a Higher Diploma in Tax Law.<\/p>\n<p>\u201cShimkins has extensive experience in transaction restructuring, which will be a valuable contribution to Cell C as we work towards finalising the process of recapitalisation,\u201d said Cell C Board Chairman Joe Mthimunye.<\/p>\n<p>The Cell C board said it welcomes Shimkins and looks forward to his contribution towards the reshaping of its future.<\/p>\n<h3>Cell C recapitalisation is going well<\/h3>\n<p>Cell C\u2019s recapitalisation is progressing well and Blue Label Telecoms joint CEO Brett Levy <a href=\"https:\/\/mybroadband.co.za\/news\/business-telecoms\/365272-cell-c-is-close-to-the-finish-line.html\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>believes<\/strong><\/a> the process will be finalised by the end of the year.<\/p>\n<p>Levy was speaking during the company\u2019s financial results presentation for the year ended 31 May 2020.<\/p>\n<p>\u201cWhat we are planning for internally is we want to get the recapitalisation over the line, which we are expecting to complete this year,\u201d Levy said.<\/p>\n<p>\u201cAll the stakeholders over the last two months have been really cooperative and have been playing ball to get this over the line and finalise Cell C\u2019s recapitalisation.\u201d<\/p>\n<p>\u201cWe really believe we are going to recapitalise this business this year,\u201d he said.<\/p>\n<h3>Now read: <a href=\"https:\/\/mybroadband.co.za\/news\/business-telecoms\/367214-telkom-investors-refuse-shares-for-cash-proposal.html\" rel=\"bookmark\">Telkom investors refuse shares-for-cash proposal<\/a><\/h3>\n<p><a href=\"https:\/\/mybroadband.co.za\/news\/business-telecoms\/367272-cell-c-announces-changes-to-board.html\">Source: MyBroadband<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cell C has announced that David Shimkins of Net1 has been appointed to its board. Shimkins will replace Paul Edwards as one of Net1\u2019s Cell C board representatives with immediate effect. Net1 is a Cell C shareholder and is entitled to appoint two directors to the mobile operator\u2019s board. The second representative on the Cell [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":2159,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[77],"tags":[],"class_list":["post-2158","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/interwebdev.co.za\/index.php\/wp-json\/wp\/v2\/posts\/2158","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/interwebdev.co.za\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/interwebdev.co.za\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/interwebdev.co.za\/index.php\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/interwebdev.co.za\/index.php\/wp-json\/wp\/v2\/comments?post=2158"}],"version-history":[{"count":0,"href":"https:\/\/interwebdev.co.za\/index.php\/wp-json\/wp\/v2\/posts\/2158\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/interwebdev.co.za\/index.php\/wp-json\/wp\/v2\/media\/2159"}],"wp:attachment":[{"href":"https:\/\/interwebdev.co.za\/index.php\/wp-json\/wp\/v2\/media?parent=2158"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/interwebdev.co.za\/index.php\/wp-json\/wp\/v2\/categories?post=2158"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/interwebdev.co.za\/index.php\/wp-json\/wp\/v2\/tags?post=2158"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}