News
Change - Announcement Of Cessation :: Retirement Of Lead Independent Director
BackOct 25, 2024
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Oct 25, 2024 17:25 |
| Status | New |
| Announcement Sub Title | Retirement of Lead Independent Director |
| Announcement Reference | SG241025OTHRZEEI |
| Submitted By (Co./ Ind. Name) | Dato' Sri Pek Kok Sam |
| Designation | Managing Director |
| Description (Please provide a detailed description of the event in the box below) | This announcement has been reviewed by the Company's Sponsor, PrimePartners Corporate Finance Pte. Ltd. It has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "Exchange") and the Exchange assumes no responsibility for the contents of this document, including the correctness of any of the statements or opinions made or reports contained in this announcement. The Sponsor has also not drawn on any specific technical expertise in its review of this announcement. The contact person for the Sponsor is Ms Lim Hui Ling, 16 Collyer Quay, #10-00 Collyer Quay Centre, Singapore 049318, sponsorship@ppcf.com.sg. |
| Additional Details | |
| Name Of Person | Mohd Jamidan Bin Abdullah ("Dato Sri Mohd Jamidan") |
| Age | 66 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 28/11/2024 |
| Detailed Reason (s) for cessation | Due to personal commitments and as part of the Board s renewal process, Dato' Sri Mohd Jamidan will voluntarily retire from his position as Lead Independent Director of the Company at the conclusion of upcoming annual general meeting ("AGM") pursuant to Regulation 96 of the Company's constitution and will not seek for re-election. Accordingly, Dato' Sri Mohd Jamidan will also cease to be a member of the Audit, Nominating and Remuneration Committees. The Board would like to express its gratitude toward Dato' Sri Mohd Jamidan for his valuable and significant contributions to the Company during his tenure of services. The Nominating Committee and the Board are in process of reconstituting the composition of the Board and Board committees of the Company and to ensure compliance with the Listing Manual and/or the Code of Corporate Governance. The Company will make announcement regarding the revision to the composition of the Board and its Committees on the SGXNet, once details become available. After having interviewed Dato' Sri Mohd Jamidan and to the best of its knowledge, the Company's sponsor is satisfied that, save as disclosed in the announcement, there is no material reason for the retirement of Dato' Sri Mohd Jamidan as Lead Independent Director of the Company. |
| 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 | 27/04/2020 |
| 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, member of Audit Committees, Nominating Committees, and Remuneration Committees. |
| Role and responsibilities | The role and responsibilities as a Lead Independent Director, member of Audit, Nominating 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) | Indodeluxe Sdn Bhd |
| Present | No |