Change - Announcement of Cessation::Cessation as Independent Non-Executive Chairman and Director
Issuer & Securities
OLAM INTERNATIONAL LIMITED
OLAM INTERNATIONAL LIMITED - SG1Q75923504 - O32
Change - Announcement of Cessation
Date &Time of Broadcast
Announcement Sub Title
Cessation as Independent Non-Executive Chairman and Director
Submitted By (Co./ Ind. Name)
Executive Director & Group Chief Operating Officer
Description (Please provide a detailed description of the event in the box below)
Cessation of Mr Kwa Chong Seng as Independent Non-Executive Chairman and Director
Name Of Person
KWA CHONG SENG
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
Mr Kwa Chong Seng's resignation as Independent Non-Executive Chairman and Director is to enable him to devote more time to his responsibilities as the newly appointed Chairman of Singapore Exchange Limited from 22 September 2016.
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?
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?
Any other relevant information to be provided to shareholders of the listed issuer?
Date of Appointment to current position
Does the AC have a minimum of 3 members (taking into account this cessation)?
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Non-Executive Chairman and Director
Role and responsibilities
Independent Non-Executive Chairman
Chairman, Governance & Nomination Committee
Chairman, Human Resource & Compensation Committee
Member, Capital & Investment Committee
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Shareholding interest in the listed issuer and its subsidiaries?
420,000 ordinary shares and 37,407 warrants in Olam International Limited.
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