Change - Announcement of Cessation::CESSATION OF GROUP FINANCIAL CONTROLLER

Issuer & Securities

Issuer/ Manager
SERRANO LIMITED
Securities
SERRANO LIMITED - SG1AD7000003 - 40R
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
14-Jul-2017 19:21:55
Status
New
Announcement Sub Title
CESSATION OF GROUP FINANCIAL CONTROLLER
Announcement Reference
SG170714OTHRP8O5
Submitted By (Co./ Ind. Name)
Choh Thian Chee Irving
Designation
Independent Chairman
Effective Date and Time of the event
14/07/2017 17:00:00
Description (Please provide a detailed description of the event in the box below)
This announcement has been prepared by Serrano Limited (the "Company") and its contents have been reviewed by the Company's sponsor, United Overseas Bank Limited (the "Sponsor"), for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (the "SGX-ST").

The Sponsor has not independently verified the contents of this announcement. This announcement has not been examined or approved by the SGX-ST. The Sponsor and the SGX-ST assume 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 Mr David Tham, Senior Director, Equity Capital Markets, who can be contacted at 80 Raffles Place, #03-03 UOB Plaza 1, Singapore 048624, Telephone: +65 6533 9898.

Additional Details

Name Of Person
Yap Keck Meng
Age
50
Is effective date of cessation known?
Yes
If yes, please provide the date
14/07/2017
Detailed Reason (s) for cessation
To pursue personal interests.

The Sponsor, after having interviewed Yap Keck Meng, is not aware of any other material development not previously announced by the Company relating to his resignation as the Financial Controller of the Company and its subsidiaries (collectively, the "Group") which would have an adverse impact on the Group.
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
25/07/2016
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
6
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Group Financial Controller
Role and responsibilities
Executive. Responsible for the overall finance, accounting, tax, treasury management, corporate governance and compliance matters of the Group.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Not applicable.
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
Anderson Sigma Pte Ltd
Linear Engineering Pte Ltd
Pace Flow Control Pte Ltd
Present
Nil