Change - Announcement of Cessation::Resignation of Independent Director

Issuer & Securities

Issuer/ Manager
DUTY FREE INTERNATIONAL LIMITED
Securities
DUTY FREE INTERNATIONALLIMITED - SG2C70966271 - 5SO
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
10-Jun-2024 17:25:40
Status
New
Announcement Sub Title
Resignation of Independent Director
Announcement Reference
SG240610OTHRN3LW
Submitted By (Co./ Ind. Name)
Lee Sze Siang
Designation
Executive Director
Description (Please provide a detailed description of the event in the box below)
Resignation of Dato' Megat Hisham bin Megat Mahmud as Independent Director of the Company.

Additional Details

Name Of Person
Dato' Megat Hisham bin Megat Mahmud
Age
67
Is effective date of cessation known?
Yes
If yes, please provide the date
26/06/2024
Detailed Reason (s) for cessation
Pursuant to Rule 210(5)(d)(iv) of the Listing Manual of Singapore Exchange Securities Trading Limited, Dato' Megat Hisham bin Megat Mahmud, after having served on the Board of Directors of the Company for more than nine (9) years, will resign as Independent Director of the Company upon the conclusion of the Annual General Meeting to be held on 26 June 2024.

Following his resignation, Dato' Megat Hisham bin Megat Mahmud will cease to be the Chairman of Audit Committee and a member of Remuneration Committee.

The Board would like to extend their appreciation to Dato' Megat Hisham bin Megat Mahmud for his invaluable contribution to the Company during his tenure of service.
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
09/07/2013
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)
2
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.)
Independent Director, Chairman of Audit Committee and Member of Remuneration Committee
Role and responsibilities
Non-Executive
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?
No
Past (for the last 5 years)
Nil
Present
Nil