KENILWORTH RACING PRESS RELEASE
SUBJECT: Property Sub-Committee
DATE: 6 February 2019
RELEASED BY: Kenilworth Racing
The Board of Kenilworth Racing (“KR”) wishes to advise that it has appointed a new Property Sub-Committee (“PSC”) under the chairmanship of Robert Bloomberg. Current KR Directors Greg Bortz and Jonathan Snaith, former KR Director Vidrik Thurling, Phumelela CEO John Stuart and Mrs Gaynor Rupert who has graciously agreed to lend her expertise, form the balance of the committee.
The PSC is presently fully exploring all avenues pertaining to the KR properties and flowing therefrom investigating the best utilization of KR’s assets and the creation of annuity income for the Company.
At this juncture, there has been no Board approval in respect of pursuing any developments on any of our properties.
KR is currently in discussions with our legal advisors and will be consulting with our planners and environmentalists in due course prior to any formal decisions being made by the Board .
Announcements will follow in due course when we are able to definitively report thereon.
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