Change - Announcement of Cessation::Retirement of Independent Director at the Annual General Meeting

Issuer & Securities

Issuer/ Manager
DEL MONTE PACIFIC LIMITED
Securities
DEL MONTE PACIFIC LIMITED - VGG270541169 - D03
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
02-Sep-2024 07:21:46
Status
New
Announcement Sub Title
Retirement of Independent Director at the Annual General Meeting
Announcement Reference
SG240902OTHR5KBH
Submitted By (Co./ Ind. Name)
Antonio E S Ungson
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Retirement of Mr. Godfrey E. Scotchbrook as an Independent Director at the Annual General Meeting.

Additional Details

Name Of Person
Godfrey E. Scotchbrook
Age
78
Is effective date of cessation known?
Yes
If yes, please provide the date
30/08/2024
Detailed Reason (s) for cessation
Mr. Godfrey E. Scotchbrook ("Mr. Scotchbrook") has served the Board for more than nine years from the date of his first appointment. In compliance with the Listing Rule 210(5)(d)(iv) which imposed a hard tenure limit for independent directors of nine years beyond which, such directors will no longer be considered independent, Mr. Scotchbrook retired at the conclusion of the Annual General Meeting of the Company held on 30 August 2024.
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
28/12/2000
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
1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chairman of Remuneration and Share Option Committee, Member of Audit and Risk Committee and Member of Nominating and Governance Committee
Role and responsibilities
Duties as an Independent Director, Chairman and member of the Board Committees on which he has served.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Not Applicable
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
117,092 Ordinary Shares in Del Monte Pacific Limited and 1 Common Share in Del Monte Philippines, Inc.
Past (for the last 5 years)
Convenience Retail Asia Limited - Non-Executive Director
Present
August Consulting - Partner
Speedflex Ltd - Partner
Fung Group - Consultant
Pacific Century Group - Consultant
Del Monte Foods Holdings Limited - Independent Director
Yorick Limited - Partner
Scotchbrook Associates International - Managing Partner