Change - Announcement of Cessation::Cessation of Independent Director

Issuer & Securities

Issuer/ Manager
AMARA HOLDINGS LIMITED
Securities
AMARA HOLDINGS LTD - SG1F08854688 - A34
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
02-Sep-2024 17:30:39
Status
New
Announcement Sub Title
Cessation of Independent Director
Announcement Reference
SG240902OTHRDPFA
Submitted By (Co./ Ind. Name)
Ms Susan Teo Geok Tin/Ms Ngiam May Ling
Designation
Company Secretaries
Description (Please provide a detailed description of the event in the box below)
Resignation of Independent Director

Additional Details

Name Of Person
Tan Kim Seng
Age
64
Is effective date of cessation known?
Yes
If yes, please provide the date
02/09/2024
Detailed Reason (s) for cessation
The cessation is due to increased work 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?
Yes
If Yes, Please provide full details
The Board through its Nominating Committee is in the process of recruiting a suitable replacement, with the aim of appointing a suitable candidate expeditiously. The Company will make the necessary announcement when a suitable candidate is appointed.
Date of Appointment to current position
31/07/2022
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 and Member of Audit Committee and Remuneration Committee.
Role and responsibilities
Responsibilities as Independent Director and Member of 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
No
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
1. Mandarin Hotel (Singapore) Private Limited;
2. Singapore Mandarin International Hotels Pte Ltd;
3. Hotel Investment (Marina) Private Limited;
4. Singapore Meritus Hotels Pte. Ltd.;
5. Meritus Hotels Pte. Ltd.;
6. Meritus International Pte. Ltd.;
7. OUE Trademarks Pte. Ltd.;
8. Chatterbox Pte. Ltd.; and
9. Chenexpress Pte. Ltd.
Present
Hiap Hoe Limited