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Change - Announcement Of Cessation Of Independent Director (Oh Kean Shen)

BackOct 02, 2017
Announcement Title Change - Announcement of Cessation
Date & Time of Broadcast Oct 2, 2017 17:11
Status New
Announcement Sub Title Announcement of Cessation of Independent Director (Oh Kean Shen)
Announcement Reference SG171002OTHRF65Z
Submitted By (Co./ Ind. Name) Luong Andy
Designation Chief Executive Officer
Description (Please provide a detailed description of the event in the box below) Announcement of Cessation of Independent Director (Oh Kean Shen)
Additional Details
Name Of Person Oh Kean Shen
Age 60
Is effective date of cessation known? Yes
If yes, please provide the date 01/10/2017
Detailed Reason (s) for cessation Mr Oh Kean Shen was appointed as an Independent Director of the Company on 20 September 2007 and has served on the Board for ten years. Mr Oh Kean Shen has stepped down as a Director to facilitate board renewal.
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 20/09/2007
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
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months 1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) Independent Director; Chairman of the Nominating Committee; Member of the Audit Committee and the Remuneration Committee.
Role and responsibilities Assumed the roles and responsibilities of an Independent Director, the Chairman of the Nominating Committee and a member of the Audit Committee and the Remuneration Committee.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries None
Shareholding interest in the listed issuer and its subsidiaries? No
Past (for the last 5 years) None
Present Limbongan Batu Maung Sdn Bhd
Pen-Marine Sdn Bhd