Change - Announcement of Cessation::Cessation as Independent Non-Executive Chairman and Director

Issuer & Securities

Issuer/ Manager
OLAM INTERNATIONAL LIMITED
Securities
OLAM INTERNATIONAL LIMITED - SG1Q75923504 - O32
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
29-Aug-2016 19:04:09
Status
New
Announcement Sub Title
Cessation as Independent Non-Executive Chairman and Director
Announcement Reference
SG160829OTHROZEH
Submitted By (Co./ Ind. Name)
Shekhar Anantharaman
Designation
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

Additional Details

Name Of Person
KWA CHONG SENG
Age
70
Is effective date of cessation known?
Yes
If yes, please provide the date
31/12/2016
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?
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
31/10/2015
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)
5
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
4
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
Nil
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
420,000 ordinary shares and 37,407 warrants in Olam International Limited.
Past (for the last 5 years)
APL Co. Pte Ltd (Chairman)
APL (Bermuda) Ltd. (Chairman)
Automar (Bermuda) Ltd. (Chairman)
APL Limited (Chairman)
APL Logistics Ltd (Chairman)
DBS Bank (Hong Kong) Ltd (Chairman)
DBS Bank Ltd
DBS Group Holdings Ltd
Esso China Inc. (Chairman & President)
ExxonMobil Asia Pacific Pte Ltd (Chairman & Managing Director)
ExxonMobil Oil Singapore Pte Ltd
Fullerton Fund Management Company Ltd (Chairman)
NOL Liner (Pte.) Ltd. (Chairman)
Singapore Technologies Holdings Pte Ltd
Sinopec SenMei (Fujian) Petroleum Co. Ltd.
Temasek Holdings (Pte) Ltd (Deputy Chairman)
Present
Neptune Orient Lines Limited [Stepping down with effect from its delisting from the Singapore Exchange Securities Trading Limited]
Seatown Holdings Pte Ltd
Delta Topco Limited
Singapore Technologies Engineering Ltd (Chairman)
Singapore Exchange Limited (Chairman) [Appointment with effect from 22 September 2016]