Change - Announcement of Cessation::Resignation of a Non-Executive and Non-Independent Director

Issuer & Securities

Issuer/ Manager
SHOPPER360 LIMITED - SG1DH4000001 - 1F0
Stapled Security

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
05-Jan-2018 19:36:10
Announcement Sub Title
Resignation of a Non-Executive and Non-Independent Director
Announcement Reference
Submitted By (Co./ Ind. Name)
Chew Sue Ann
Executive Chairman and Group Managing Director
Description (Please provide a detailed description of the event in the box below)
Resignation of a Non-Executive and Non-Independent Director

This announcement has been prepared by shopper360 Limited and its contents have been reviewed by the Company's sponsor (the "Sponsor"), ZICO Capital Pte. Ltd., for compliance with the Singapore Exchange Securities Trading Limited (the "SGX-ST") Listing Manual Section B: Rules of Catalist. The Sponsor has not independently verified the contents of this announcement.

This announcement has not been examined or approved by the SGX-ST and the SGX-ST assumes no responsibility for the contents of this announcement including the correctness of any of the statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Ms Alice Ng, Director of Continuing Sponsorship, ZICO Capital Pte. Ltd. at 8 Robinson Road #09-00 ASO Building, Singapore 048544, telephone (65) 6636 4201.

Additional Details

Name Of Person
Ravichandran K Moorthy
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
Mr Ravichandran K Moorthy has resigned to facilitate reconstitution of the Board and Board Committees.

The Sponsor, after having interviewed Mr Ravichandran K Moorthy, is satisfied that, save as disclosed in this announcement, there are no other material reasons for the resignation of Mr Ravichandran K Moorthy as a Non-Executive and Non-Independent Director 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.)
Non-Executive and Non-Independent Director (member of the Audit Committee and Remuneration Committee).
Role and responsibilities
Mr Ravichandran K Moorthy acted as Non-Executive and Non-Independent Director of the Company, as well as a member of the Audit Committee and Remuneration Committee from 19 May 2017 to 7 January 2018.
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
65,000 shares in shopper360 Limited.
Past (for the last 5 years)