Change - Announcement of Cessation::Resignation of Non-Executive Non-Independent Director
Issuer & Securities
Issuer/ Manager
POLLUX PROPERTIES LTD.
Securities
POLLUX PROPERTIES LTD. - SG1I77884290 - 5AE
Stapled Security
No
Announcement Details
Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
14-May-2021 22:26:53
Status
New
Announcement Sub Title
Resignation of Non-Executive Non-Independent Director
Announcement Reference
SG210514OTHR793F
Submitted By (Co./ Ind. Name)
Nico Purnomo Po
Designation
Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Resignation of Non-Executive Non-Independent Director.
Additional Details
Name Of Person
Timur Pradopo
Age
64
Is effective date of cessation known?
Yes
If yes, please provide the date
31/05/2021
Detailed Reason (s) for cessation
Timur Pradopo has decided to step down from the Board of the Company as Independent Director due to personal health concerns.
The Board of Directors and Management sincerely thank him for the invaluable contribution, dedication and commitment to the Company during his tenure with the Company.
Based on its enquiries, the Company's sponsor, SAC Capital Private Limited, is satisfied that other than as disclosed in this announcement, there are no other material reasons for the resignation of Timur Pradopo as Independent 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
18/03/2014
Does the AC have a minimum of 3 members (taking into account this cessation)?
No
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.)
Independent Director and member of the Audit Committee and Remuneration of Nominating Committee.
Role and responsibilities
Independent Director and member of the Audit Committee and Remuneration of Nominating 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?
No
Past (for the last 5 years)
Nil
Present
Nil
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