Change - Announcement of Appointment::APPOINTMENT OF NON-EXECUTIVE DIRECTOR AND CHAIRMAN OF THE BOARD

Issuer & Securities

Issuer/ Manager
VALLIANZ HOLDINGS LIMITED
Securities
VALLIANZ HOLDINGS LIMITED - SG1J89892363 - 545
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
28-Jun-2018 23:32:30
Status
New
Announcement Sub Title
APPOINTMENT OF NON-EXECUTIVE DIRECTOR AND CHAIRMAN OF THE BOARD
Announcement Reference
SG180628OTHRF2L9
Submitted By (Co./ Ind. Name)
Ling Yong Wah
Designation
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, Provenance Capital Pte. Ltd. ("Sponsor"), for compliance with the Singapore Exchange Securities Trading Limited (the "SGX-ST") Listing Manual Section B: Rules of Catalist. The Sponsor has not verified independently 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 accuracy, completeness or correctness of any of the information, statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Ms Wong Bee Eng, Chief Executive Officer, at 96 Robinson Road, #13-01, SIF Building, Singapore 068899.

Telephone: (65) 6227 1580 Email: wongbe@provenancecapital.com

Additional Details

Date Of Appointment
28/06/2018
Name Of Person
Sheikh AlTurki, Abdulaziz Ali A
Age
74
Country Of Principal Residence
Saudi Arabia
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
The Nominating Committee and the Board have reviewed, assessed and concluded that Sheikh AlTurki, Abdulaziz Ali A possesses the requisite qualifications and work experiences. On the recommendation by the Nominating Committee, the Board unanimously approved the appointment of Sheikh AlTurki, Abdulaziz Ali A as a Non-Executive Director and Chairman of the Board of the Company.
Whether appointment is executive, and if so, the area of responsibility
No
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Executive Director and Chairman
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Nil
Conflict of interests (including any competing business)
Nil
Working experience and occupation(s) during the past 10 years
Chairman of Rawabi Holding Company Limited.
Undertaking submitted to the listed issuer in the form of Appendix 7.7 (Listing Rule 704(7)) Or Appendix 7H (Catalist Rule 704(6))
Yes
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
As a Chairman of Rawabi Holding Company Limited, Sheikh AlTurki, Abdulaziz Ali A is deemed to have an interest in 9,526,811,687 ordinary shares of Vallianz Holdings Limited.
# These fields are not applicable for announcements of appointments pursuant to Listing Rule 704 (9) or Catalist Rule 704 (8).
Past (for the last 5 years)
Jenan Real Estate Company
Present
1. Rawabi Holding Co. Ltd.
2. Rawabi Holding Co. W.L.L.
3. Rawabi Oil & Gas Co. Ltd.
4. Rawabi Oilfield Services Co. Ltd.
5. Rawabi Wireless Solutions Co. Ltd.
6. Rawabi Travel & Tourism Co. Ltd.
7. Rawabi Electric Co. Ltd.
8. Rawabi Specialized Enclosure Co. Ltd.
9. Rawabi Integrated Gas Co. Ltd.
10. Rawabi Specialized Contracting Co. Ltd.
11. Rawabi Vallianz Offshore Services Co. Ltd.
12. Rawabi Vallianz International Co. Ltd
13. Rawabi Archer Co. Ltd.
14. Rawabi Hot--Hed Co. Ltd.
15. Rawabi Haytak Co. Ltd.
16. Rawabi Cetco Co. LLC
17. Rawabi Pason Co. Ltd.
18. Rawabi Geolog Co. Ltd.
19. Rawabi Foothills Co. Ltd.
20. Rawabi BUTEC Co. Ltd.
21. Rawabi United Safety Services Co. Ltd.
22. Frank's Rawabi Saudi Arabia Co. Ltd.
23. Gulf Union Cooperative Insurance Company
24. Gulf Union Insurance & Risk Management Co. (E.C.)
25. Gulf Union Holding Co. BSC (C)
(a) Whether at any time during the last 10 years, an application or a petition under any bankruptcy law of any jurisdiction was filed against him or against a partnership of which he was a partner at the time when he was a partner or at any time within 2 years from the date he ceased to be a partner?
No
(b) Whether at any time during the last 10 years, an application or a petition under any law of any jurisdiction was filed against an entity (not being a partnership) of which he was a director or an equivalent person or a key executive, at the time when he was a director or an equivalent person or a key executive of that entity or at any time within 2 years from the date he ceased to be a director or an equivalent person or a key executive of that entity, for the winding up or dissolution of that entity or, where that entity is the trustee of a business trust, that business trust, on the ground of insolvency?
No
(c) Whether there is any unsatisfied judgment against him?
No
(d) Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving fraud or dishonesty which is punishable with imprisonment, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such purpose?
No
(e) Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such breach?
No
(f) Whether at any time during the last 10 years, judgment has been entered against him in any civil proceedings in Singapore or elsewhere involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or a finding of fraud, misrepresentation or dishonesty on his part, or he has been the subject of any civil proceedings (including any pending civil proceedings of which he is aware) involving an allegation of fraud, misrepresentation or dishonesty on his part?
No
(g) Whether he has ever been convicted in Singapore or elsewhere of any offence in connection with the formation or management of any entity or business trust?
No
(h) Whether he has ever been disqualified from acting as a director or an equivalent person of any entity (including the trustee of a business trust), or from taking part directly or indirectly in the management of any entity or business trust?
No
(i) Whether he has ever been the subject of any order, judgment or ruling of any court, tribunal or governmental body, permanently or temporarily enjoining him from engaging in any type of business practice or activity?
No
(j) Whether he has ever, to his knowledge, been concerned with the management or conduct, in Singapore or elsewhere, of the affairs of :-
(i) any corporation which has been investigated for a breach of any law or regulatory requirement governing corporations in Singapore or elsewhere; or
No
(ii) any entity (not being a corporation) which has been investigated for a breach of any law or regulatory requirement governing such entities in Singapore or elsewhere; or
No
(iii) any business trust which has been investigated for a breach of any law or regulatory requirement governing business trusts in Singapore or elsewhere; or
No
(iv) any entity or business trust which has been investigated for a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, in connection with any matter occurring or arising during that period when he was so concerned with the entity or business trust?
No
(k) Whether he has been the subject of any current or past investigation or disciplinary proceedings, or has been reprimanded or issued any warning, by the Monetary Authority of Singapore or any other regulatory authority, exchange, professional body or government agency, whether in Singapore or elsewhere?
No
Any prior experience as a director of a listed company?
Yes
If Yes, Please provide details of prior experience
Sheikh AlTurki, Abdulaziz Ali A is the Chairman of Gulf Union Cooperative Insurance Company, which is listed on Stock Exchange of Saudi Arabia.
He is knowledgeable in the various areas relevant to a listed company in Saudi Arabia due to his position as stated above. Nevertheless, he will be provided with appropriate briefings and training in the roles and responsibilities of a director of a listed company in Singapore. The Company will also make the necessary arrangement for him to undergo necessary trainings.