Change - Announcement of Cessation::Cessation of Alternate Director

Issuer & Securities

Issuer/ Manager
GLOBAL INVESTMENTS LIMITED
Securities
GLOBAL INVESTMENTS LIMITED - BMG3931N1002 - B73
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
03-Nov-2014 18:16:08
Status
New
Announcement Sub Title
Cessation of Alternate Director
Announcement Reference
SG141103OTHRZRCF
Submitted By (Co./ Ind. Name)
See Yong Kiat
Designation
Managing Director of the Manager
Description (Please provide a detailed description of the event in the box below)
Cessation of Mr Ng Kuan Chow as an Alternate Director to Mr See Yong Kiat.

Additional Details

Name Of Person
Ng Kuan Chow
Age
64
Is effective date of cessation known?
Yes
If yes, please provide the date
04/11/2014
Detailed Reason (s) for cessation
Mr Ng Kuan Chow ( "Mr Ng" ) was appointed on 5 November 2013 as the alternate director to Mr See Yong Kiat ( "Mr See" ) for a period of one year to perform all the functions of Mr See, including attending board meetings and speaking and voting at such meetings, where necessary such as in the event of an emergency. Mr Ng's term ends on 4 November 2014.
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
05/11/2013
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
1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Alternate Director to Mr See Yong Kiat, Manager Nominated Director.
Role and responsibilities
To perform all the functions of Mr See Yong Kiat, including attending board meetings and speaking and voting at such meetings, where necessary such as in the event of an emergency.
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?
No
Other Directorships
Past (for the last 5 years)
NIL
Present
Allgrace Investment Management Private Limited