Change - Announcement of Cessation::Cessation of a Director: Ms. Valerie Ong Choo Lin

Issuer & Securities

Issuer/ Manager
SARINE TECHNOLOGIES LTD.
Securities
SARINE TECHNOLOGIES LTD - IL0010927254 - U77
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
25-Jun-2020 19:49:06
Status
New
Announcement Sub Title
Cessation of a Director: Ms. Valerie Ong Choo Lin
Announcement Reference
SG200625OTHRAI1V
Submitted By (Co./ Ind. Name)
Amir J. Zolty
Designation
Company Secretary
Effective Date and Time of the event
25/06/2020 18:00:00
Description (Please provide a detailed description of the event in the box below)
Announcement of cessation of a Director: Ms. Valerie Ong Choo Lin

Additional Details

Name Of Person
Valerie Ong Choo Lin
Age
55
Is effective date of cessation known?
Yes
If yes, please provide the date
25/06/2020
Detailed Reason (s) for cessation
Ms. Ong was elected for a three-year term in 2017 and was not put for re-election in the Company's 2020 AGM (held today).
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
08/03/2005
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
6
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chairperson of the Nominating Committee. Member of the Audit Committee and of the Remuneration Committee
Role and responsibilities
See above.
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?
Yes
Shareholding Details
Ms. Valerie Ong Choo Lin is deemed a shareholder of the Company by virtue of her indirect ownership of
575,000 Shares held on her behalf by Bank of Singapore Nominees Pte Ltd.
Past (for the last 5 years)
None
Present
None