Change - Announcement of Cessation::Cessation of CEO of Trendlines Incubators Israel Ltd.

Issuer & Securities

Issuer/ Manager
THE TRENDLINES GROUP LTD.
Securities
THE TRENDLINES GROUP LTD. - IL0011328858 - 42T
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
30-Jan-2019 17:21:19
Status
New
Announcement Sub Title
Cessation of CEO of Trendlines Incubators Israel Ltd.
Announcement Reference
SG190130OTHR90EP
Submitted By (Co./ Ind. Name)
Haim Brosh
Designation
Joint Company Secretary
Description (Please provide a detailed description of the event in the box below)
Cessation of Dr. Nitza Kardish as CEO of Trendlines Incubators Israel Ltd.
This announcement has been prepared by The Trendlines Group Ltd. - the Company - and its contents have been reviewed by 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, Associate Director, Continuing Sponsorship - Mailing Address: 16 Collyer Quay, #10-00 Income at Raffles, Singapore 049318 and E-mail: sponsorship@ppcf.com.sg.

Additional Details

Name Of Person
Nitza Kardish PhD.
Age
62
Is effective date of cessation known?
Yes
If yes, please provide the date
31/01/2019
Detailed Reason (s) for cessation
Dr. Kardish has accepted the position of Vice Chair at Trendlines planned Singapore-based innovation center focused on developing agrifood technologies in the near future. The Company will make such further announcement(s) about the new innovation center to keep shareholders informed, as and when there are material updates or developments.
Dr. Kardish's position in Trendlines Incubators Israel will be assumed by Mr. Barak Singer as of 1 February 2019. Dr. Kardish will continue to serve as an Vice President of The Trendlines Group.
Based on its inquiries, the Company's sponsor, PrimePartners Corporate Finance Pte. Ltd. is satisfied that other than as disclosed in this announcement, there are no other material reasons for the cessation of Dr. Nitza Kardish as CEO of Trendlines Incubators Israel Ltd.
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
01/06/2011
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)
1
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.)
Chief Executive Officer of Trendlines Incubators Israel Ltd.
Role and responsibilities
Responsible for the overall management of Trendlines Incubators Israel Ltd.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
No
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
4,005,863 share options in The Trendlines Group Ltd.
Past (for the last 5 years)
Captive Bred Ltd.
CattleSense Ltd.
Leviticus Cardio Ltd.
MagDent Ltd.
Present
BioFishency Ltd.
Catalyst Agtech Ltd.
CoreBone Ltd.
EdenShield Ltd.
Enolog Wise Technologies Ltd.
GreenSpense Ltd.
Metabolic Robots Feeding Solutions Ltd.
MiRobot Ltd.
Neopterix Solutions Ltd.
Saturas Ltd.
Valentis Nanotech Ltd.
ViAqua Therapeutics Ltd.
Virentes Ltd.