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

Issuer & Securities

Issuer/ Manager
GRP LIMITED
Securities
GRP LTD - SG1CD2000004 - BLU
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
01-Aug-2024 07:45:54
Status
New
Announcement Sub Title
Cessation of Independent Non-Executive Director
Announcement Reference
SG240801OTHRO9TS
Submitted By (Co./ Ind. Name)
Teo Tong How
Designation
Independent Non-Executive Director and Chairman
Description (Please provide a detailed description of the event in the box below)
Cessation of Independent Non-Executive Director

Additional Details

Name Of Person
Mahtani Bhagwandas
Age
57
Is effective date of cessation known?
Yes
If yes, please provide the date
24/10/2024
Detailed Reason (s) for cessation
Relate to Company's plan for board renewal, as the current Independent Non-Executive Directors of the Board have exceeded the 9-year tenure limit pursuant to Listing Rule 210(5)(d)(iv).
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
01/06/2013
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
4
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Non-Executive Director, Chairman of NC and RMESGC, member of AC and RC
Role and responsibilities
Non-Executive
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?
Yes
Shareholding Details
252,000 ordinary shares (0.14%) in GRP Limited

42,840 ordinary shares (0.03%) in Luminor Financial Holdings Limited
Past (for the last 5 years)
Directorships:
- Agrasol Pte. Ltd.
- Agro Commtrade Pte. Ltd.
- Agrogo Inspections Pte. Ltd.
- Agrogo Logistics Pte. Ltd.
- Agrogo Market Pte. Ltd.
- Agrogo Secure Pte. Ltd.
- Agrogo Trades Pte. Ltd.
- Alliance Mineral Assets Limited
- Elsemore Maritime Singapore Pte. Ltd.
- Filago Pte. Ltd.
- Fortis Bulkers Pte. Ltd.
- FVG Singapore Pte. Ltd.
- Good Lord Pte. Ltd.
- Ginger Pte. Ltd.
- Hon Corporation Limited
- Kundanmals Holdings Pte. Ltd.
- Legal Standard-Acies LLC
- Natural Cool Holdings Limited
- Samjin Singapore Pte. Ltd.
- SBI Offshore Limited
- Superbound Investment Inc. Pte. Ltd.
- Vertic Hydro Pte. Ltd.

Other Principal Commitments:
None
Present
Directorships:
- NGSC Limited
- AP2KP Worldwide Pte. Ltd.
- Arcus Carriers Pte. Ltd.
- Asa Shipping & Energy Pte. Ltd.
- Azee Communications Pte. Ltd.
- DSSG Consulting Pte. Ltd.
- Evergreen Global QSR Pte. Ltd.
- Forpro Pte. Ltd.
- Homing Fu International Pte. Ltd.
- Kraainem Holdings Pte. Ltd.
- Mikat Trading & Investment Pte. Ltd.
- Misha Pte. Ltd.
- PH Investments Pte. Ltd.
- Phoenix Solar Pte. Ltd.
- Quantum Impex Pte. Ltd.
- Repsol Singapore Pte. Ltd.
- Summit 29K Pte. Ltd.
- SMB Holdings Pte. Ltd.
- TBT Pte. Ltd.

Other Principal Commitments:
None