Change - Announcement of Cessation::CESSATION AS EXECUTIVE CHAIRMAN AND CHIEF EXECUTIVE OFFICER

Issuer & Securities

Issuer/ Manager
IMPERIUM CROWN LIMITED
Securities
IMPERIUM CROWN LIMITED - SG1S82928544 - 5HT
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
29-Apr-2016 18:10:53
Status
New
Announcement Sub Title
CESSATION AS EXECUTIVE CHAIRMAN AND CHIEF EXECUTIVE OFFICER
Announcement Reference
SG160429OTHRYDIP
Submitted By (Co./ Ind. Name)
Bay Cheow Guan David
Designation
Non-Executive and Non-Independent Director
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 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 Jennifer Tan, Senior Manager, Continuing Sponsorship, at 16 Collyer Quay, #10-00 Income at Raffles, Singapore 049318, telephone (65) 6229 8088.

Additional Details

Name Of Person
LIM CHUAN LAM
Age
59
Is effective date of cessation known?
Yes
If yes, please provide the date
29/04/2016
Detailed Reason (s) for cessation
To focus his time on other personal commitments.

Based on its enquiries, the Company's sponsor, PrimePartners Corporate Finance Pte. Ltd., is satisfied that, other than as disclosed in this announcement, there are no material reasons for the resignation of Mr Lim Chuan Lam as Executive Chairman and Chief Executive Officer.
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
20/05/2015
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)
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.)
Executive Chairman and Chief Executive Officer
Role and responsibilities
Formulation and implementation of strategies to improve overall corporate performance and to lead corporate planning to further the Company's goals.
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
Deemed interest in 17,000,000 shares held by Chuan Leong Metalimpex Co. Pte. Ltd. by virtue of his shareholdings in Chuan Leong Metalimpex Co. Pte. Ltd.
Past (for the last 5 years)
Please refer to the attachment.
Present
1. Chuan Leong Metalimpex Co. Pte. Ltd.
2. Daido Amistar (S) Pte. Ltd.
3. Daido Amistar (M) Sdn. Bhd.

Attachments

Mark Lim - past directorship.pdf
Total size =53K