Change - Announcement of Cessation::Retirement of an Independent Director

Issuer & Securities

Issuer/ Manager
THE TRENDLINES GROUP LTD.
Securities
THE TRENDLINES GROUP LTD. - IL0011328858 - 42T
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
09-Mar-2022 21:04:38
Status
New
Announcement Sub Title
Retirement of an Independent Director
Announcement Reference
SG220309OTHRFXVY
Submitted By (Co./ Ind. Name)
Haim Brosh
Designation
Joint Company Secretary
Description (Please provide a detailed description of the event in the box below)
This announcement has been reviewed by the Company's sponsor, PrimePartners Corporate Finance Pte. Ltd. (the Sponsor). It has not been examined or approved by the Singapore Exchange Securities Trading Limited (the Exchange) and the Exchange assumes no responsibility for the contents of this document, including the correctness of any of the statements or opinions made or reports contained in this document.

The contact person for the Sponsor is Mr. Shervyn Essex, 16 Collyer Quay, #10-00 Income at Raffles, Singapore 049318, sponsorship@ppcf.com.sg.

Additional Details

Name Of Person
Stephen Philip Haslett
Age
72
Is effective date of cessation known?
Yes
If yes, please provide the date
13/04/2022
Detailed Reason (s) for cessation
Professor Stephen Haslett, an Independent Director of the Company, who is due for retirement by rotation under Articles 40(c) and (d) of the Company's Articles of Association, is not seeking re-election at the forthcoming Annual General Meeting of the Company to be held on 13 April 2022, due to personal and family commitments.

Following his retirement, Professor Haslett will also relinquish his position as the Chairman of Nominating Committee, member of Audit Committee and member of Remuneration Committee.

After having interviewed Professor Stephen Haslett and to the best of its knowledge, the Company's Sponsor, is satisfied that save as disclosed in this announcement, there are no other material reasons for the cessation of Professor Stephen Haslett as the Independent 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
15/10/2015
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.)
Independent Director, Chairman of Nominating Committee, member of Audit Committee, member of Remuneration Committee
Role and responsibilities
Duties of Independent Director, Chairman of Nominating Committee, member of Audit Committee and member of Remuneration Committee
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)
NIL
Present
Silver Fox Pte. Ltd.