Change - Announcement of Appointment::Re-designation to a Non-Independent Non-Executive Director

Issuer & Securities

Issuer/ Manager
AUSGROUP LIMITED
Securities
AUSGROUP LIMITED - SG1R38924838 - 5GJ
AUSGROUP S$110M 5% N221203 - SG6TF6000008 - 18WB
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
02-Jan-2019 22:08:36
Status
New
Announcement Sub Title
Re-designation to a Non-Independent Non-Executive Director
Announcement Reference
SG190102OTHR439R
Submitted By (Co./ Ind. Name)
Christian Johnstone
Designation
CFO
Description (Please provide a detailed description of the event in the box below)
Poh Boon Kher, Melvin will be re-designated to a Non-Independent Non-Executive Director with effect from 1 January 2019.

Additional Details

Date Of Appointment
01/01/2019
Name Of Person
POH BOON KHER MELVIN
Age
46
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
The recent revision to the Code of Corporate Governance that came into effect on 1 January 2019 states that a shareholder which owns more than 5% of shares in the company will no longer be considered independent. Previously, the threshold was 10%. Following the completion of the Share Placement and Rights Issue, Poh Boon Kher, Melvin will be re-designated to a Non-Independent Non-Executive Director with effect from 1 January 2019.
Whether appointment is executive, and if so, the area of responsibility
Non-Executive
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Independent Director
Any relationship (including immediate family relationships) with any existing director, existing executive officer, the issuer and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
None
Conflict of interests (including any competing business)
None
Working experience and occupation(s) during the past 10 years
2006 - Present
Managing Director of Fission Development Pte Ltd
Undertaking submitted to the listed issuer in the form of Appendix 7.7 (Listing Rule 704(7)) Or Appendix 7H (Catalist Rule 704(6))
Yes
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
299,799,712 shares in the listed issuer
# These fields are not applicable for announcements of appointments pursuant to Listing Rule 704 (9) or Catalist Rule 704 (8).
Past (for the last 5 years)
Novena Capital Pte Ltd
Pinnacle Land Pte Ltd
RV Capital Pte Ltd
Dakota Development Pte Ltd
Hup Guan Holdings Pte Lid
Victoria Development Pte Ltd
Allance Land Pte Ltd
70 Shenton Pte Ltd
Trident Development Pte Ltd
Trident Realty Pte Ltd
Trident Assets Pte Ltd
Treasure 118 Pie Ltd
Jinda Global Pte Ltd
Playfair Investments Pte Ltd
Centra Land Pte Ltd
Pinnacle Realty Pte Ltd
XM Capital Pte Ltd
E C Investment Holdings Pte Ltd
Trident Land Pte Ltd
Centra Cove Pte Ltd
Victoria Capital Pte Ltd
Andrew Development Pte Ltd
Present
Singapore Thong Chai Medical Institution
Fission Development Pte Ltd
Fission Capital Pte Ltd
E C Prima Pte Ltd
50 Robinson Pte Ltd
Fission Holdings Pte Ltd
E C Prime Investment Pte Ltd
Lyndanra Investments Pte Ltd
Alexis Development Pte Ltd
Alexis Land Pte td
Victoria Realty Pte Ltd
Alexis Prime Pte Ltd
Alexis Investments Pte Ltd
Alexis Capital Pte Ltd
Alexis Realty Pte Ltd
Centra Properties Pte Ltd
PMJ Ventures Pte Ltd
Centra East Development Pte Ltd
Tower Street Investments Pte Ltd
Centra Grove Development Pte Ltd
Centra Development Pte Ltd
(a) Whether at any time during the last 10 years, an application or a petition under any bankruptcy law of any jurisdiction was filed against him or against a partnership of which he was a partner at the time when he was a partner or at any time within 2 years from the date he ceased to be a partner?
No
(b) Whether at any time during the last 10 years, an application or a petition under any law of any jurisdiction was filed against an entity (not being a partnership) of which he was a director or an equivalent person or a key executive, at the time when he was a director or an equivalent person or a key executive of that entity or at any time within 2 years from the date he ceased to be a director or an equivalent person or a key executive of that entity, for the winding up or dissolution of that entity or, where that entity is the trustee of a business trust, that business trust, on the ground of insolvency?
No
(c) Whether there is any unsatisfied judgment against him?
No
(d) Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving fraud or dishonesty which is punishable with imprisonment, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such purpose?
No
(e) Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such breach?
No
(f) Whether at any time during the last 10 years, judgment has been entered against him in any civil proceedings in Singapore or elsewhere involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or a finding of fraud, misrepresentation or dishonesty on his part, or he has been the subject of any civil proceedings (including any pending civil proceedings of which he is aware) involving an allegation of fraud, misrepresentation or dishonesty on his part?
No
(g) Whether he has ever been convicted in Singapore or elsewhere of any offence in connection with the formation or management of any entity or business trust?
No
(h) Whether he has ever been disqualified from acting as a director or an equivalent person of any entity (including the trustee of a business trust), or from taking part directly or indirectly in the management of any entity or business trust?
No
(i) Whether he has ever been the subject of any order, judgment or ruling of any court, tribunal or governmental body, permanently or temporarily enjoining him from engaging in any type of business practice or activity?
No
(j) Whether he has ever, to his knowledge, been concerned with the management or conduct, in Singapore or elsewhere, of the affairs of :-
(i) any corporation which has been investigated for a breach of any law or regulatory requirement governing corporations in Singapore or elsewhere; or
No
(ii) any entity (not being a corporation) which has been investigated for a breach of any law or regulatory requirement governing such entities in Singapore or elsewhere; or
No
(iii) any business trust which has been investigated for a breach of any law or regulatory requirement governing business trusts in Singapore or elsewhere; or
No
(iv) any entity or business trust which has been investigated for a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, in connection with any matter occurring or arising during that period when he was so concerned with the entity or business trust?
No
(k) Whether he has been the subject of any current or past investigation or disciplinary proceedings, or has been reprimanded or issued any warning, by the Monetary Authority of Singapore or any other regulatory authority, exchange, professional body or government agency, whether in Singapore or elsewhere?
No
Any prior experience as a director of an issuer listed on the Exchange?
Yes
If Yes, Please provide details of prior experience
Non Executive, Independent Director of listed issuer since 01/11/2017
Please provide details of relevant experience and the nominating committee's reasons for not requiring the director to undergo training as prescribed by the Exchange (if applicable)
Active involvement on AusGroup Board of Directors since appointment on 01/11/2017