Change - Announcement of Cessation::Resignation of Independent Director

Issuer & Securities

Issuer/ Manager
BIOLIDICS LIMITED
Securities
BIOLIDICS LIMITED - SGXE89830751 - 8YY
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
09-Dec-2020 18:21:52
Status
New
Announcement Sub Title
Resignation of Independent Director
Announcement Reference
SG201209OTHR7RY9
Submitted By (Co./ Ind. Name)
Yee Pinh Jeremy
Designation
Non-Executive Non-Independent Chairman
Description (Please provide a detailed description of the event in the box below)
Resignation of Peter Koh Heng Kang ("Mr Koh") as an Independent Director of Biolidics Limited (the "Company").

This announcement has been prepared by the Company and has been reviewed by United Overseas Bank Limited (the "Sponsor") for compliance with Rules 226(2)(b) and 753(2) of the Singapore Exchange Securities Trading Limited ("SGX-ST") Listing Manual Section B: Rules of Catalist.

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

The contact person for the Sponsor is Mr. Lim Hoon Khiat, Director, Equity Capital Markets, who can be contacted at 80 Raffles Place, #03-03 UOB Plaza 1, Singapore 048624, telephone: +65 6533 9898.

Additional Details

Name Of Person
Peter Koh Heng Kang
Age
55
Is effective date of cessation known?
Yes
If yes, please provide the date
10/12/2020
Detailed Reason (s) for cessation
Mr Koh has decided to resign as an Independent Director of the Company as he wishes to spend more time on his other existing commitments.

The Board expresses its gratitude and appreciation to Mr Koh for his contribution during his tenure as an Independent Director of the Company.

Based on its enquiries, the Sponsor is satisfied that save as disclosed in this announcement, there is no other material reason for the cessation of Mr Koh 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
20/11/2018
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 and member of the Remuneration Committee of the Company.
Role and responsibilities
Responsibilities as an Independent Director and member of the Remuneration Committee of the Company.
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)
1. PT. Kertas Blabak
2. Eagle Coin
3. Oceanus Australia Abalone World (S) Pte. Ltd.
Present
1. Pete's Creation International (S) Pte. Ltd.
2. SMM Group Pte. Ltd.
3. SMM International Investments Pte. Ltd.
4. Oceanus Group Limited
5. Oceanus Aquaculture Group Pte. Ltd.
6. Oceanus Food Group Pte. Ltd.
7. Oceanus (Singapore) Restaurant Management Pte. Ltd.
8. Oceanus Tech Pte. Ltd.
9. Oceanus Investment Holdings Pte. Ltd.
10. Oceanus Opal (S) Pte. Ltd.
11. Capy Comm (S) Pte. Ltd.