Change - Announcement of Cessation::Resignation of Dato' Seri DiRaja Tan Sri Mohd Zahidi bin Haji Zainuddin as an Independent Director

Issuer & Securities

Issuer/ Manager
PARKSON RETAIL ASIA LIMITED
Securities
PARKSON RETAIL ASIA LIMITED - SG2D81975377 - O9E
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
05-Feb-2016 17:21:41
Status
New
Announcement Sub Title
Resignation of Dato' Seri DiRaja Tan Sri Mohd Zahidi bin Haji Zainuddin as an Independent Director
Announcement Reference
SG160205OTHRDA6D
Submitted By (Co./ Ind. Name)
Tan Sri Cheng Heng Jem
Designation
Executive Chairman
Description (Please provide a detailed description of the event in the box below)
Resignation of Dato' Seri DiRaja Tan Sri Mohd Zahidi bin Haji Zainuddin as an Independent Director of the Company

Additional Details

Name Of Person
Dato' Seri DiRaja Tan Sri Mohd Zahidi bin Haji Zainuddin
Age
68
Is effective date of cessation known?
Yes
If yes, please provide the date
05/02/2016
Detailed Reason (s) for cessation
Following his appointment as Orang Kaya Bendahara Seri Maharaja of Perak, he would not be able to commit the amount of time to Parkson Retail Asia Limited as much as he would like to.
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
28/09/2011
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
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
3
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Lead Independent Director;
Chairman of Audit Committee and Nominating Committee; and
Member of Remuneration Committee.
Role and responsibilities
Lead Independent Director;
Chairman of Audit Committee and Nominating Committee; and
Member of 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?
Yes
Shareholding Details
60,000 ordinary shares in the Company
Past (for the last 5 years)
None
Present
Affin Holdings Berhad
Genting Plantations Berhad
Genting Malaysia Berhad
Cahya Mata Sarawak Berhad
Bintulu Port Holdings Berhad
DRB-HICOM Defence Technologies Sdn. Bhd.