Change - Announcement of Cessation::Resignation of Non-Executive and Independent Director

Issuer & Securities

Issuer/ Manager
DISA LIMITED
Securities
DISA LIMITED - SG0532000247 - 532
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
30-Nov-2020 22:53:51
Status
New
Announcement Sub Title
Resignation of Non-Executive and Independent Director
Announcement Reference
SG201130OTHRW1R4
Submitted By (Co./ Ind. Name)
Noraini Latiff
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Resignation of Mr Loh Eu Tse Derek as a Non-Executive and Independent Director.


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 statement or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Mr. Ong Hwee Li (Registered Professional, SAC Capital Private Limited). Address: 1 Robinson Road, #21-00 AIA Tower, Singapore 048542. Telephone number: +65 6232 3210.

Additional Details

Name Of Person
Loh Eu Tse Derek
Age
54
Is effective date of cessation known?
Yes
If yes, please provide the date
30/11/2020
Detailed Reason (s) for cessation
Mr Loh Eu Tse Derek ("Mr Derek Loh") has, on 27 November 2020, tendered his resignation as a Non-Executive and Independent Director of the Company. Mr Derek Loh would like his resignation to be effected on 30 November 2020 or such reasonable later date as he is invited to take up a new directorship in another listed company with effect from 1 December 2020. The Board has agreed to effect his resignation on 30 November 2020.

The Board of Directors and Management sincerely thank Mr Derek Loh for his invaluable contributions, dedication and commitment to the Company during his tenure with the Company.

SAC Capital Private Limited, after having interviewed Mr Derek Loh, is satisfied that other than as disclosed in this announcement, there are no material reasons for the resignation of Mr Derek Loh as Non-Executive and 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
11/05/2017
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
4
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Director, Chairman of the Remuneration Committee and member of Audit and Risk Management Committee and Nominating Committee.
Role and responsibilities
Independent Director, Chairman of the Remuneration Committee and member of Audit and Risk Management 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
Past (for the last 5 years)
Directorship:
Metech International Limited
Present
Directorships:
1. Adventus Holdings Limited
2. Camembert Holdings Pte Ltd
3. Federal International (2000) Ltd
4. K2 F&B Holdings Limited
5. TSMP Law Corporation
6. Vibrant Group Limited
7. Vietnam Enterprise Investments Limited

Other Principal Commitments:
1. St. Joseph's Institution International Elementary School Ltd
2. St. Joseph's Institution International Ltd
3. St. Joseph's Institution Philanthropic Fund
For The Lasallian Mission Ltd