Burstone announces CFO transition, board changes, and meeting details

Burstone Group Limited has announced that Jenna Sprenger will step down from her roles as Group CFO and Debt Officer, remaining with the company until August 31, 2025. Myles Kritzinger will assume these responsibilities effective September 1, 2025, bringing extensive experience in corporate finance and residential property. Additionally, Raisibe Morathi has been appointed as the lead independent non-executive director and a member of the Remuneration and Nominations Committee, effective immediately. In addition to these changes, Burstone issued the notice for their Annual General Meeting (AGM) scheduled for September 2, 2025, at the company’s Sandton location. The integrated annual report has been published, including audited financial statements and an unqualified audit report from PricewaterhouseCoopers Inc. for the financial year ended March 31, 2025. There has been a change in the Consolidated Statement of Cash Flows to move a cash outflow of ZAR792.969 million relating to settlement of profit participation liability from investing to financing activities. The company has affirmed no changes to Net Asset Value, Net Asset Value per share, or profit metrics.