Inactive Instrument

Adapt IT Holdings Limited

Equities

ADI

ZAE000113163

Adapt IT Holdings Limited Announces Departure of the Chief Executive Officer

August 10, 2021 at 01:10 am EDT

Adapt IT Holdings Limited announced that Mr. Sibusiso Shabalala has taken the decision to terminate his employment with the Company and resign as director of the Company and its subsidiaries with effect from 6 August 2021. The Board has duly accepted his resignation. Adapt IT will make an announcement in due course on a permanent replacement for Mr. Shabalala as CEO. In the meantime, Ms Tiffany Dunsdon will continue in her role as interim CEO.

Latest news about Adapt IT Holdings Limited

Adapt IT Holdings Seeks Acquisitions	22-08-31	CI
Volaris Group Inc. completed the acquisition of a 63.87% stake in Adapt IT Holdings Limited from a group of shareholders for approximately ZAR 610 million.	22-01-03	CI
INDITEX'S INCOMING CEO GARCIA MACEIRAS SAYS PRIORITY IS TO CONTINUE WITH INDITEX'S SUCCESSFUL BUSINESS MODEL AND ADAPT IT WHERE NECESSARY	21-11-30	RE
Volaris Group Inc. completed the acquisition of Adapt IT Holdings Limited from Sibusiso Shabalala, Chief executive Officer of Adapt IT, Rubistar Proprietary Limited, Nedgroup Investment Advisors Pty Limited, Tiffany Dunsdon & the Dunsdon Self Managed Super Fund and others.	21-10-14	CI
Adapt It Holdings Limited Reports Earnings Results for the Full Year Ended June 30, 2021	21-09-28	CI
Adapt IT Holdings Limited Appoints Tiffany Dunsdon as Chief Executive Officer	21-09-06	CI
Adapt IT Holdings Limited Announces Change of Antonio Vicente's Role from Chief Strategy Officer to Chief Operating Officer	21-09-06	CI
Adapt IT Holdings Limited Announces Departure of the Chief Executive Officer	21-08-10	CI
Huge Group Limited cancelled the acquisition of Adapt IT Holdings Limited.	21-05-16	CI
Adapt IT Holdings Limited Appoints Tiffany Dunsdon from Chief Commercial Officer to Interim Chief Executive Officer	21-05-10	CI
Adapt IT Holdings Limited Appoints Antonio Vicente as an Executive Director with Effect from May 10, 2021	21-05-10	CI
Blacksheep Fund Management Limited acquired 6.82% stake in Adapt IT Holdings Limited.	21-04-15	CI
Volaris Group Inc. entered into a firm intention offer letter agreement to make an offer to acquire Adapt IT Holdings Limited from a group of shareholders for approximately ZAR 960 million.	21-04-06	CI
Adapt It Holdings Limited Reports Earnings Results for the Half Year Ended December 31, 2020	21-03-08	CI
Huge Group Limited made an offer to acquire Adapt IT Holdings Limited for approximately ZAR 990 million.	21-01-26	CI
Adapt It Holdings Limited Reports Earnings Results for the Full Year Ended June 30, 2020	20-10-22	CI
Adapt IT Holdings Limited Provide Earnings Guidance for the Year Ended June 30, 2020	20-09-30	CI
Adapt IT Holdings Limited Announces Delay in Release of Earnings Results for the Year Ended June 30, 2020	20-09-30	CI
Adapt It Holdings Limited Reports Earnings Results for the Half Year Ended December 31, 2019	20-02-24	CI
Tranche Update on Adapt IT Holdings Limited's Equity Buyback Plan announced on February 7, 2019.	20-02-24	CI
Adapt IT Holdings Limited Announces Restated Earnings Guidance for the Six Months Ended 31 December 2018 and Earnings Guidance for Six Months Ended 31 December 2019	20-02-14	CI
Adapt IT Holdings Limited's Equity Buyback announced on February 7, 2019, has expired with 15,500,000 shares, representing 10.35% for ZAR 96 million.	19-11-21	CI
Adaptit Holdings Limited Reports Consolidated Earnings Results for the Full Year Ended June 30, 2019	19-10-14	CI
Tranche Update on Adapt IT Holdings Limited's Equity Buyback Plan announced on February 7, 2019.	19-10-14	CI
Adapt IT Holdings Limited Announces the Appointment of Zizipho Nyanga as an Independent Non-Executive Director and a Member of the Audit and Risk and Remuneration Committees with Effect from 31 May 2019	19-05-30	CI

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Company Profile

Adapt IT Holdings Limited specializes in computing services. The group provides primarily ERP solutions design and integration, software development, training and outsourcing services activities. Net sales break down by market as follows: - financial services (21.8%); - education (20.2%); - communication (19.9%); - hospitality (17.4%); - manufacturing industries (16.6%); - petroleum industries (4.1%). Net sales are distributed geographically as follows: South Africa (75.7%), Africa (13.6%), Australasia (8%), North America (2%), Europe (0.5%), Asia (0.1%) and other (0.1%).

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