Change - Announcement of Cessation::Cessation as Key Executive Officer of the Company - Juzer Nomanbhoy
Issuer & Securities
IEV HOLDINGS LIMITED
IEV HOLDINGS LIMITED - SG2D67974808 - 5TN
Change - Announcement of Cessation
Date &Time of Broadcast
Announcement Sub Title
Cessation as Key Executive Officer of the Company - Juzer Nomanbhoy
Submitted By (Co./ Ind. Name)
Christopher Nghia Do
President and Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Cessation of Juzer Bin Nomanbhoy as Key Executive Officer of the Company
This announcement has been reviewed by the Company's sponsor, SAC Capital Private Limited ("Sponsor"). This announcement has not been examined or approved by the Singapore Exchange Securities Trading Limited ("SGX-ST") and 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 Ms Charmian Lim, at 1 Robinson Road, #21-00 AIA Tower, Singapore 048542, telephone: (65) 6232 3210.
Name Of Person
Juzer Bin Nomanbhoy
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
Mr Juzer Bin Nomanbhoy ("Mr Juzer Nomanbhoy") is managing Director of IEV (Malaysia) Sdn. Bhd. and Vice President of Business Development, Asset Integrity Management Solutions of IEV Group Sdn. Bhd. He will cease to be a key executive officer of the Company following the completion of the disposal of IEV Group Sdn. Bhd. together with its wholly-owned subsidiaries and associated company as announced on 25 November 2020.
The Board of Directors thanks Mr Juzer Nomanbhoy for his invaluable contributions during his tenure of service.
SAC Capital Private Limited, after having interviewed Mr Juzer Nomanbhoy, is satisfied that other than as disclosed in this announcement, there are no material reasons for the cessation of Mr Juzer Nomanbhoy as key executive officer 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?
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?
Any other relevant information to be provided to shareholders of the listed issuer?
Date of Appointment to current position
Does the AC have a minimum of 3 members (taking into account this cessation)?
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Managing Director of IEV (Malaysia) Sdn. Bhd. and Vice President of Business Development, Asset Integrity Management Solutions of IEV Group Sdn. Bhd.
Role and responsibilities
Mr Juzer Nomanbhoy is responsible for the day-to-day operations of the Group's Malaysian operations. He also oversees the development and overall performance of the Group's business in the Middle East and Thailand.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Shareholding interest in the listed issuer and its subsidiaries?
Past (for the last 5 years)
Econode Sdn. Bhd. (Dissolved)
IEV (Malaysia) Sdn. Bhd.
IEV Manufacturing Sdn. Bhd.
Smart Water Technologies Sdn. Bhd.