Change - Announcement of Cessation::Resignation of Executive Director and Chief Executive Officer

Issuer & Securities

Issuer/ Manager
Ayondo Ltd.
AYONDO LTD. - SG1ED1000001 - 1I5
Stapled Security

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
23-Jan-2019 17:12:43
Announcement Sub Title
Resignation of Executive Director and Chief Executive Officer
Announcement Reference
Submitted By (Co./ Ind. Name)
Foo Fatt Kah
Non-Executive Director
Description (Please provide a detailed description of the event in the box below)
Resignation of Executive Director and Chief Executive Officer - Mr Robert Paul Lempka

ayondo Ltd. (the "Company") was listed on Catalist of the Singapore Exchange Securities Trading Limited (the "SGX-ST") on 26 March 2018. The initial public offering of the Company was sponsored by UOB Kay Hian Private Limited (the "Sponsor").

This announcement has been prepared by the Company and its contents have been reviewed by the Sponsor for compliance with 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 Mr Gregory Wee Toon Lee, Assistant Vice President, at 8 Anthony Road, #01-01, Singapore 229957, telephone (65) 6590 6881.

Additional Details

Name Of Person
Robert Paul Lempka
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
To pursue other interests.

The Sponsor has yet to interview Mr Robert Lempka. Subsequent to such interviews and enquiries, an appropriate announcement will be made if there are any other material reasons that are not disclosed in this announcement in relation to the cessation of Mr Robert Lempka as Executive Director and Chief Executive Officer 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?
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?
Any other relevant information to be provided to shareholders of the listed issuer?
Date of Appointment to current position
Does the AC have a minimum of 3 members (taking into account this cessation)?
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Director and Chief Executive Officer
Role and responsibilities
Mr Robert Lempka is responsible for the overall day-to-day management and operation of the Group.

Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Shareholding interest in the listed issuer and its subsidiaries?
Shareholding Details
Mr Robert Lempka holds 918,484 ordinary shares in the Company. Mr Robert Lempka also holds 20.7% of the issued capital of Next Generation Finance Management AG and 49.0% of the issued capital of Global Money Ventures AG which also owns 38.6% of the issued capital of Next Generation Finance Management AG. By virtue of Section 4 of the SFA, Mr Robert Lempka is deemed interested in the ordinary shares held by the following companies:-

(i) 17,535,420 ordinary shares held by Global Money Ventures AG; and
(ii) 4,811,184 ordinary shares held by Next Generation Finance Management AG.
Past (for the last 5 years)
1. Social Trading Netzwerk GmbH
2. AM2UK Limited
1. ayondo Holdings AG*
2. ayondo Asia Pte. Ltd.*
3. ayondo GmbH*
4. ayondo Portfolio Management GmbH*
5. ayondo Markets Limited*
6. Sycap Group (UK) Limited*

* Following the aforesaid resignation, Mr Robert Lempka will also step down as Director of the abovementioned companies.