Change - Announcement of Cessation::Cessation of Independent Non-Executive Director
Issuer & Securities
IFS CAPITAL LIMITED
IFS CAPITAL LIMITED - SG1A35000706 - I49
Change - Announcement of Cessation
Date &Time of Broadcast
Announcement Sub Title
Cessation of Independent Non-Executive Director
Submitted By (Co./ Ind. Name)
Chionh Yi Chian/Angeline Ng
Company Secretary/Assistant Company Secretary
Description (Please provide a detailed description of the event in the box below)
Mr Kwah Thiam Hock retired as an Independent Non-Executive Director of the Company at the conclusion of the Thirty-Second Annual General Meeting of the Company held on 29 April 2019.
Name Of Person
Kwah Thiam Hock
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
Mr Kwah retired by rotation in accordance with article 94 of the Company's Constitution and did not seek re-election as a 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?
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 Director (23.01.13 till present)
-Non- Executive Director (18.12.06 - 22.01.13)
-Executive Director (04.05.87 - 17.12.06)
Role and responsibilities
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?
680,000 - IFS Capital Limited shares
Past (for the last 5 years)
- Select Group Limited
- ECICS Limited
- Northern Star Shipping Pte Ltd
- Wilmar International Limited
- Excelpoint Technology Limited
- Teho International Inc Ltd
- Pivot Medical Service
- Roberto 16 Pte Ltd*
- Allianz 2012 Pte Ltd*
*nominee director for Phillip Ventures Funds