Change - Announcement of Cessation::ANNOUNCEMENT OF CESSATION OF EXECUTIVE DIRECTOR AND CHIEF FINANCIAL OFFICER

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
23-Sep-2015 18:20:49
Status
New
Announcement Sub Title
ANNOUNCEMENT OF CESSATION OF EXECUTIVE DIRECTOR AND CHIEF FINANCIAL OFFICER
Announcement Reference
SG150923OTHRPRV4
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, PrimePartners Corporate Finance Pte. Ltd. (the "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 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, correctness of any of the information, statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Ms Keng Yeng Pheng, Associate Director, Continuing Sponsorship, at 16 Collyer Quay, #10-00 Income at Raffles, Singapore 049318, telephone (65) 6229-8088.

Additional Details

Name Of Person
CHUA SIONG KIAT, ALEX
Age
44
Is effective date of cessation known?
Yes
If yes, please provide the date
29/09/2015
Detailed Reason (s) for cessation
Mr Chua Siong Kiat, Alex ("Mr Alex Chua") has decided to resign to pursue other career opportunities.

Based on its enquiries, the Company's sponsor, PrimePartners Corporate Finance Pte. Ltd., is satisfied that, save as disclosed in this announcement, there are no other material reasons for the resignation of Mr Alex Chua as an Executive Director and Chief Financial Officer of Libra Group Limited.
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?
Yes
If Yes, Please provide full details
In the interim, Kenny Ng Tek Kooi, the Group's Financial Controller, together with the finance team, will oversee the financial, compliance and investor relation matters of the Group.
Date of Appointment to current position
01/07/2013
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
2
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Director and Chief Financial Officer (appointed on 1 July 2013 as Chief Financial Officer and on 18 November 2013 as Executive Director)
Role and responsibilities
Mr Alex Chua supports in charting the Group's business strategies, and oversees the financial and corporate functions of the Group, including finance, compliance and investor relations.
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
339,000 ordinary shares of the Company
Past (for the last 5 years)
Nil
Present
Nil