Change - Announcement of Cessation::Retirement of Executive Director

Issuer & Securities

Issuer/ Manager
NICO STEEL HOLDINGS LIMITED
Securities
NICO STEEL HOLDINGS LIMITED - SG1R29924672 - 5GF

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
26-Jun-2014 19:45:54
Status
New
Announcement Sub Title
Retirement of Executive Director
Announcement Reference
SG140626OTHRSS0E
Submitted By (Co./ Ind. Name)
Sharon Yeoh
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Announcement of retirement of Mr Tang Chee Bian as an Executive Director.

Additional Details

Name Of Person
Tang Chee Bian
Age
47
Is effective date of cessation known?
Yes
If yes, please provide the date
26/06/2014
Detailed Reason (s) for cessation
Retired by rotation at the Annual General Meeting held on 26 June 2014 and did not seek for re-election.
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
23/06/2001
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)
1
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
2
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Director
Sales and Marketing Director
Role and responsibilities
In charge of all sales and marketing activities of the Group.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Mr Tang Chee Bian is brother of the Executive Directors, Mr Tan Chee Khiong and Mr Tang Chee Wee.
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
Interest 5,515,725 shares
Deemed Interest 56,697,700 shares
Past (for the last 5 years)
Nil
Present
Nico Group of Companies and D.S.A.G Investment Pte. Ltd.