Change - Announcement of Cessation::ANNOUNCEMENT OF CESSATION OF LEAD INDEPENDENT DIRECTOR

Issuer & Securities

Issuer/ Manager
LIBRA GROUP LIMITED
Securities
LIBRA GROUP LIMITED - SG2D82975475 - 5TR
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
12-Dec-2017 18:00:37
Status
New
Announcement Sub Title
ANNOUNCEMENT OF CESSATION OF LEAD INDEPENDENT DIRECTOR
Announcement Reference
SG171212OTHRLEB1
Submitted By (Co./ Ind. Name)
Chu Sau Ben
Designation
Executive Chairman and Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
This announcement has been prepared by the Company and its contents have been reviewed by the Company's Sponsor, Stamford Corporate Services Pte. Ltd. (the "Company's Sponsor"), for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (the "SGX-ST") Listing Manual Section B: Rules of Catalist. The Company's 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 Yap Wai Ming:
Telephone: (+65) 6389 3000
Email: waiming.yap@morganlewis.com

Additional Details

Name Of Person
WONG QUEE QUEE, JEFFREY
Age
42
Is effective date of cessation known?
Yes
If yes, please provide the date
12/12/2017
Detailed Reason (s) for cessation
MR WONG QUEE QUEE, JEFFREY HAS DECIDED TO RESIGN DUE TO HIS WORK COMMITMENTS.

BASED ON ITS ENQUIRIES, THE COMPANY'S SPONSOR, STAMFORD CORPORATE SERVICES PTE. LTD. IS SATISFIED THAT, SAVE AS DISCLOSED IN THIS ANNOUNCEMENT, THERE ARE NO OTHER MATERIAL REASONS FOR THE RESIGNATION OF MR WONG QUEE QUEE, JEFFREY AS THE LEAD 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
02/05/2017
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
2
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
LEAD INDEPENDENT DIRECTOR, CHAIRMAN OF THE AUDIT COMMITTEE AND MEMBER OF THE REMUNERATION COMMITTEE AND NOMINATING COMMITTEE
Role and responsibilities
INDEPENDENT DIRECTOR
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
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Present
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