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Change - Announcement Of Cessation Of Non-Executive Director

BackJul 01, 2019
Announcement Title Change - Announcement of Cessation
Date & Time of Broadcast Jul 1, 2019 19:35
Status New
Announcement Sub Title Cessation of non-executive director
Announcement Reference SG190701OTHR1XY4
Submitted By (Co./ Ind. Name) Han Yong Lee (Donald)
Designation Chief Executive Officer
Description (Please provide a detailed description of the event in the box below) Cessation of non-executive director.
Additional Details
Name Of Person Chua Tiong Hock
Age 65
Is effective date of cessation known? Yes
If yes, please provide the date 28/06/2019
Detailed Reason (s) for cessation Following the completion of Vibrant Group Limited's disposal of its 51% shareholdings in the share capital of Sabana Investment Partners Pte. Ltd., which wholly-owns the Company, Mr. Chua Tiong Hock, a representative of Vibrant Group Limited and a non-executive director of the Company, had tendered his resignation.

The Board expressed their gratitude and appreciation to Mr. Chua for his invaluable contributions during his tenure as Director of the Company.
Are there any unresolved differences in opinion on material matters between the person and the board of directors, including matters which would have a material impact on the group or its financial reporting? No
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer? No
Any other relevant information to be provided to shareholders of the listed issuer? No
Date of Appointment to current position 01/11/2010
Does the AC have a minimum of 3 members (taking into account this cessation)? Yes
Number of Independent Directors currently resident in Singapore (taking into account this cessation) 3
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months 2
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) Non-executive Director
Role and responsibilities Roles and responsibilities of a non-executive director.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries Nil
Shareholding interest in the listed issuer and its subsidiaries? No
Past (for the last 5 years) Please refer to annexure.
Present Please refer to annexure.

Attachments

  1. Annexure (Size: 65,188 bytes)