Announcement Title Change - Announcement of Cessation
Announcement Subtitle Cessation of Independent Director
Date & Time of Broadcast Apr 26, 2016 18:32
Submitted By Ms. Rujiraporn Hengtrakool
Manager, Legal & Corporate Affairs Dept.
Description Cessation of Mr. Toh Wen Keong Joachim as Independent Director
Cessation Details
Name of person Mr. Toh Wen Keong Joachim
Age 50
Is effective date of cessation known? Yes
Effective date for cessation Apr 26, 2016
Detailed reason(s) for cessation Mr. Toh Wen Keong Joachim retired as a Director at the conclusion of the Annual General Meeting of Shareholders of the Company No. 01/2016 held on 26 April 2016 and he decided not to stand for re-election. As a result of his retirement, Mr. Toh also ceased to be a Member of the Audit Committee, Remuneration Committee, Chairman of the Nomination Committee and as the Lead Independent Director respectively.
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? Yes
If yes, please provide full details The Company would like to record its appreciation to Mr. Toh who has been a Director of the Company since 26 June 2012. We thank him for his contributions and insights and wish him well.
Date of appointment to current position Jun 26, 2012
Does the AC have a minimum of 3 members (taking into account this cessation)? Yes
Number of independent directors currently resident in Singapore (taking this account this cessation) 2
Number of cessations of appointments specified in Listing Rule 704(7) or Catalist Rule 704(6) over the past 12 months 4
Job Title Independent Director, Member of the Audit Committee, the Remuneration Committee, Chairman of the Nomination Committee and Lead Independent Director.
Role and responsibilities Non-Executive
Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidaries No.
Shareholdings interest in the listed issuer and its subsidaries? No
Other directorships
Past (for the last 5 years) Alpha Financials Advisers Private Limited
Lion Fairfield Capital Management Limited
Tincel Properties (Private) Limited
Present Caritas Singapore Community Council