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Change - Announcement Of Cessation Of Lead Independent Director
BackDec 12, 2017
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Dec 12, 2017 20:30 |
| Status | New |
| Announcement Sub Title | Cessation of Lead Independent Director |
| Announcement Reference | SG171212OTHRHZ4X |
| Submitted By (Co./ Ind. Name) | Tan Keng Siong Thomas |
| Designation | Executive Chairman and CEO |
| Description (Please provide a detailed description of the event in the box below) | Cessation of Lead Independent Director This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, SAC Capital Private Limited ("Sponsor"), for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited ("SGX-ST"). The Sponsor has not independently verified the contents of this announcement. This announcement has not been examined or approved by the SGX-ST and the SGX-ST assumes no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made, or reports contained in this announcement. The contact person for the Sponsor is Ms Tay Sim Yee, SAC Capital Private Limited at 1 Robinson Road, #21-02 AIA Tower, Singapore 048542, telephone (65) 6532 3829. |
| Additional Details | |
| Name Of Person | Douglas Owen Chester |
| Age | 65 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 12/12/2017 |
| Detailed Reason (s) for cessation | To pursue other interests. |
| 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 | 26/12/2013 |
| 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) | 2 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Lead Independent Director, Chairman of Nominating Committee, a member of the Audit and Risk Committee and Remuneration Committee |
| Role and responsibilities | To perform the functions of Independent Director and fulfilling duties and responsibilities as Chairman of Nominating Committee, a member of the Audit and Risk Committee and Remuneration Committee. |
| Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries | No |
| Shareholding interest in the listed issuer and its subsidiaries? | No |
| Past (for the last 5 years) | Stamford Land Corporation Limited |
| Present | Civmec Limited |
