Change - Announcement of Cessation::Cessation of Independent Director

Issuer & Securities

Issuer/ Manager
DARCO WATER TECHNOLOGIES LIMITED
Securities
DARCO WATER TECHNOLOGIES LTD - SG1CC9000009 - BLR
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
20-Apr-2016 22:43:09
Status
New
Announcement Sub Title
Cessation of Independent Director
Announcement Reference
SG160420OTHR4GUW
Submitted By (Co./ Ind. Name)
Thye Kim Meng
Designation
Managing Director and Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Cessation of Independent Director.

Additional Details

Name Of Person
Ross Yu Limjoco
Age
45
Is effective date of cessation known?
Yes
If yes, please provide the date
20/04/2016
Detailed Reason (s) for cessation
Mr. Ross Yu Limjoco ("Mr. Lim") who had retired pursuant to Regulation 106 of the Company's Constitution had not sought re-election at the Annual General Meeting of the Company held on 20 April 2016.
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
05/05/2014
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
2
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Executive Independent Director, Chairman of the Remuneration Committee and a member of the Audit Committee and Nominating Committee
Role and responsibilities
Non-Executive Independent Director, Chairman of the Remuneration Committee and a member of the Audit Committee and Nominating 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
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