Emira Property CEO James Templeton resigns

Emira Property (EMI) on Monday advised that its CEO‚ James Templeton‚ has resigned with effect from August 31 2015‚ to pursue "personal interests" outside of the listed property sector.

"The board acknowledges and thanks Templeton for his dedication and contribution as CEO since July 2004 and wishes him well in his future endeavours.

"The process of identifying an appropriate replacement for Templeton is under way and an announcement in this regard is expected to be made shortly‚" the company said.

At 9.21am the stock was little changed at R17.14‚ valuing the company at about R8.9bn.