Announcement Title | Change - Announcement of Cessation |
Date & Time of Broadcast | Apr 17, 2017 17:56 |
Status | New |
Announcement Sub Title | Retirement of Independent Director |
Announcement Reference | SG170417OTHRI17N |
Submitted By (Co./ Ind. Name) | Dr Ronnie Tan Keh Poo |
Designation | Chief Executive Officer |
Description (Please provide a detailed description of the event in the box below) | Retirement of Mr Albert Saychuan Cheok as Independent Director |
Additional Details | |
Name Of Person | Albert Saychuan Cheok |
Age | 67 |
Is effective date of cessation known? | Yes |
If yes, please provide the date | 17/04/2017 |
Detailed Reason (s) for cessation | Mr Albert Saychuan Cheok was appointed as an Independent Director of Bowsprit Capital Corporation Limited on 17 May 2006 and has served on the Board for a continuous period of more than nine years. For compliance with the enhanced regulatory requirements on independence issued by the Monetary Authority of Singapore, Mr Cheok has stepped down with effect from 17 April 2017. |
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 | 17/05/2006 |
Does the AC have a minimum of 3 members (taking into account this cessation)? | No |
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.) | Independent Director, Chairman of the Board, Chairman of the Audit Committee and a member of the Nominating & Remuneration Committee |
Role and responsibilities | Non-executive. Independent Director, Chairman of the Board, Chairman of the Audit Committee and a member of the Nominating & 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? | Yes |
Shareholding Details | Mr Cheok holds 1,178,931 units in First REIT |
Past (for the last 5 years) | AP Fund Management Pte Ltd Auric Chun Yip Sdn Bhd Auric Pacific (M) Sdn Bhd Confidence Driven Sdn Bhd Delifrance (Malaysia) Sdn Bhd Delifrance Food (M) Sdn Bhd Auric Pacific Food Processing Sdn Bhd Metal Reclamation Bhd Macau Chinese Bank Limited AcrossAsia Limited |
Present | LMIRT Management Ltd. HongKong Chinese Limited Amplefield Limited Auric Pacific Group Limited International Standard Resources Holdings Limited Adavale Resources Limited China Aircraft Leasing Group Holdings Limited |