Change - Announcement of Cessation::ANNOUNCEMENT OF RESIGNATION OF AN INDEPENDENT DIRECTOR

Issuer & Securities

Issuer/ Manager
LIBRA GROUP LIMITED
Securities
LIBRA GROUP LIMITED - SG2D82975475 - 5TR
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
18-Sep-2015 19:16:27
Status
New
Announcement Sub Title
ANNOUNCEMENT OF RESIGNATION OF AN INDEPENDENT DIRECTOR
Announcement Reference
SG150918OTHRFI4L
Submitted By (Co./ Ind. Name)
Chu Sau Ben
Designation
Executive Chairman and Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, PrimePartners Corporate Finance Pte. Ltd. (the "Sponsor") for compliance with the Singapore Exchange Securities Trading Limited (the "SGX-ST") Listing Manual Section B: Rules of Catalist. The Sponsor has not verified the contents of this announcement.

This announcement has not been examined or approved by the SGX-ST. The Sponsor and the SGX-ST assume no responsibility for the contents of this announcement, including the accuracy, completeness, correctness of any of the information, statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Ms Keng Yeng Pheng, Associate Director, Continuing Sponsorship, at 16 Collyer Quay, #10-00 Income at Raffles, Singapore 049318, telephone (65) 6229-8088.

Additional Details

Name Of Person
ENG MENG LEONG
Age
61
Is effective date of cessation known?
Yes
If yes, please provide the date
18/09/2015
Detailed Reason (s) for cessation
Mr Eng Meng Leong ("Mr Eng") has decided to resign as Independent Director, Chairman of the Nominating Committee, member of the Audit Committee and Remuneration Committee of the Company to allow more time and attention to his current and anticipated work commitments.

Based on its enquiries, the Company's sponsor, PrimePartners Corporate Finance Pte. Ltd., is satisfied that, save as disclosed in this announcement, there are no other material reasons for the resignation of Mr Eng Meng Leong as an 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
04/10/2011
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)
3
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Director, Chairman of the Nominating Committee, Member of the Audit Committee and Remuneration Committee
Role and responsibilities
Duties as an Independent Director, Chairman of the Nominating Committee and as a member of the Audit Committee and Remuneration Committee
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?
No
Past (for the last 5 years)
Kreuz Holdings Limited
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Present
Croesus Retail Asset Management Pte Ltd
Religare Health Trust Trustee Manager Pte Ltd
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