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Announcement Of Cessation As Independent Director Who Is An Audit Committee Member
BackSep 30, 2009
| Resignation Details | |
| Name Of Person | Jovenal R Santiago |
| Age | 71 |
| Is Effective Date Of Cessation Known? | Yes |
| Effective Date Of Cessation | 30/09/2009 |
| Detailed Reason(s) for Cessation | In view of the change in ownership of the Company and the proposed changes in the principal businesses of the Group, Mr. Jovenal R Santiago thought it appropriate to resign as an independent director of the Company to enable the new owners and management to appoint new members of the Board of Directors. |
| Is there any difference of opinion on material matters between the person and the Board of directors? | No |
| If yes, please elaborate | NA |
| 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 |
| If yes, please elaborate | NA |
| Any other relevant information to be provided to shareholders of the listed issuer? | No |
| If yes, please elaborate | NA |
| Date of Appointment to current position | 30/09/2005 |
| Job Title | Lead Independent Director, AC Chairman, NC Chairman, RC Member |
| Role and Responsibilities | Independent and Non-Executive Function |
| Does the AC have a minimum of 3 members (taking into account this resignation)? | 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) over the past 12 months | 1 |
| Shareholding in the listed issuer and its subsidiaries | 180,000 shares in HLN Technologies Limited |
| Family relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries | None |
| Other Directorship | |
| Past Directorship (for the last five years) | NIL |
| Present Directorship | NIL |