Change - Announcement of Cessation::Cessation of Independent Non-Executive Director

Issuer & Securities

Issuer/ Manager
IFS CAPITAL LIMITED
Securities
IFS CAPITAL LIMITED - SG1A35000706 - I49
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
29-Apr-2019 17:52:39
Status
New
Announcement Sub Title
Cessation of Independent Non-Executive Director
Announcement Reference
SG190429OTHRZVM6
Submitted By (Co./ Ind. Name)
Chionh Yi Chian/Angeline Ng
Designation
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.

Additional Details

Name Of Person
Kwah Thiam Hock
Age
73
Is effective date of cessation known?
Yes
If yes, please provide the date
29/04/2019
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?
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
04/05/1987
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)
3
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
0
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
Non-Executive
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
680,000 - IFS Capital Limited shares
Past (for the last 5 years)
- Select Group Limited
- ECICS Limited
- Northern Star Shipping Pte Ltd
Present
- 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