Change - Announcement of Cessation::Change - Announcement of Cessation

Issuer & Securities

Issuer/ Manager
ES GROUP (HOLDINGS) LIMITED
Securities
ES GROUP (HOLDINGS) LIMITED - SG2B91959363 - 5RC
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
26-Apr-2019 19:23:04
Status
New
Announcement Sub Title
Change - Announcement of Cessation
Announcement Reference
SG190426OTHRC702
Submitted By (Co./ Ind. Name)
Adrian Chan Pengee
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Retirement of Mr. Wee Siew Kim, as Non-Executive Chairman and Independent Director of the Company, at the conclusion of the Annual General Meeting of the Company held on 26 April 2019.

Additional Details

Name Of Person
WEE SIEW KIM
Age
58
Is effective date of cessation known?
Yes
If yes, please provide the date
26/04/2019
Detailed Reason (s) for cessation
Mr. Wee Siew Kim, a Director of the Company retiring under Article 98 of the Company's Constitution, has indicated that he does not wish to stand for re-election at the Company's forthcoming annual general meeting to be held on 26 April 2019 (the "AGM") to allow for the progressive renewal of the Board. Accordingly, Mr. Wee has retired at the conclusion of the AGM and will relinquish his roles as the Non-Executive Chairman and Independent Director, Chairman of the Nominating Committee and a member of the Audit and Risk Committee as well as the Remuneration and Compensation Committee.

The Sponsor, after having interviewed Mr. Wee, is satisfied that, other than as disclosed in this announcement, there are no other material reasons for the cessation of Mr. Wee as a 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
08/06/2010
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.)
Non-Executive Chairman and Independent Director, Chairman of the NC and a member of the ARC as well as the RCC.
Role and responsibilities
Assumed the roles and responsibilities of a Non-Executive Chairman and Independent Director, Chairman of the Nominating Committee (NC) and a member of the Audit and Risk Committee (ARC) as well as the Remuneration and Compensation Committee (RCC).
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)
Please refer to attachment.
Present
Please refer to attachment.

Attachments

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29/04/2019 17:08:02