Change - Announcement of Cessation::Cessation of Operations Manager of the Group

Issuer & Securities

Issuer/ Manager
SIM LEISURE GROUP LTD.
Securities
SIM LEISURE GROUP LTD. - SGXE75616446 - URR
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
05-Sep-2019 19:30:08
Status
New
Announcement Sub Title
Cessation of Operations Manager of the Group
Announcement Reference
SG190905OTHRLIGP
Submitted By (Co./ Ind. Name)
Aw Yeong Weng Kwong
Designation
Chief Financial Officer
Description (Please provide a detailed description of the event in the box below)
This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, ZICO Capital Pte. Ltd. (the "Sponsor"), in accordance with Rule 226(2)(b) 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 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. Alice Ng, Director of Continuing Sponsorship, ZICO Capital Pte. Ltd., at 8 Robinson Road, #09-00 ASO Building, Singapore 048544, telephone (65) 6636 4201.

Additional Details

Name Of Person
Afzainizam Bin Abdullah
Age
41
Is effective date of cessation known?
Yes
If yes, please provide the date
06/09/2019
Detailed Reason (s) for cessation
Mr. Afzainizam has resigned as the Operations Manager of the Group for health reasons.

Based on its enquiries, the Sponsor is satisfied that, other than as disclosed in this announcement, there are no material reasons for the resignation of Mr. Afzainizam as the Operations Manager of the Group.

To ensure smooth functioning of the operations of the theme parks of the Group, Ms. Silviya Georgieva Georgieva (Executive Director of the Company) has taken over the duties of Mr. Afzainizam in the interim, while the Company searches for a replacement for Mr. Afzainizam.
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
01/06/2015
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.)
Operations Manager
Role and responsibilities
Responsible for managing the day-to-day operations of the theme parks of the Group.
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)
Nil
Present
Nil