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

Issuer & Securities

Issuer/ Manager
THE STRAITS TRADING COMPANY LIMITED
Securities
STRAITS TRADING CO. LTD - SG1J49001550 - S20
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
29-Apr-2016 18:51:03
Status
New
Announcement Sub Title
Retirement of Non-Independent and Non-Executive Director
Announcement Reference
SG160429OTHRMS5A
Submitted By (Co./ Ind. Name)
Aldric Tan Jee Wei
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Mrs Elizabeth Sam, a Non-Independent and Non-Executive Director of the Company, has retired pursuant to Section 153(2) of the Companies Act, Cap. 50, which was in force immediately before 3 January 2016, at the conclusion of the Company's Annual General Meeting held on 29 April 2016.

Additional Details

Name Of Person
Elizabeth Sam
Age
77
Is effective date of cessation known?
Yes
If yes, please provide the date
29/04/2016
Detailed Reason (s) for cessation
Mrs Elizabeth Sam has retired at the conclusion of the Company's Annual General Meeting held on 29 April 2016 and she did not seek re-appointment.
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
30/04/2008
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)
3
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-Independent and Non-Executive Director.
Role and responsibilities
Role and responsibilities of a Non-Independent and Non-Executive Director.
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)
1. Boardroom Limited
2. KasikornBank Public Company Limited
Present
1. AV Jennings Limited
2. Banyan Tree Holdings Limited
3. Hon Sui Sen Endowment CLG Limited
4. SC Global Developments Pte Ltd
5. Sam Investments Pte Ltd
6. Aliz And Associates Pte Ltd