Change - Announcement of Cessation::Resignation of Independent Director

Issuer & Securities

Issuer/ Manager
AVARGA LIMITED
Securities
AVARGA LIMITED - SG1K55001665 - U09
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
08-Mar-2019 17:11:15
Status
New
Announcement Sub Title
Resignation of Independent Director
Announcement Reference
SG190308OTHRHY7H
Submitted By (Co./ Ind. Name)
Tong Ian
Designation
Executive Director
Description (Please provide a detailed description of the event in the box below)
Resignation of Mr Ong Pang Liang as Independent Director of the Company.

Additional Details

Name Of Person
Ong Pang Liang
Age
59
Is effective date of cessation known?
Yes
If yes, please provide the date
08/03/2019
Detailed Reason (s) for cessation
Resignation of Mr Ong Pang Liang as Independent Director is due to personal commitments.
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
01/08/2010
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)
2
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 Director, Member of the Audit & Risk Management Committee, Remuneration Committee and Nominating Committee.
Role and responsibilities
Duties as an Independent Director
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
None
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
5,000,000 ordinary shares and warrants in Avarga Limited
Past (for the last 5 years)
UPP Greentech Pte. Ltd.
UPP Industries Pte. Ltd.
UPP Pulp & Paper (M) Sdn Bhd
UPP Recycled Fibre (M) Sdn Bhd
UPP Investment (Asia) Pte Ltd
Present
Avarga Limited
Bluewater Investments Pte. Ltd.
Secura Group Limited
Thomson Medical Group Limited
RSP Holdings Pte Ltd