Change - Announcement of Cessation::Resignation of Independent Director and Changes in Composition of Board and Board Committees

Issuer & Securities

Issuer/ Manager
IPC CORPORATION LTD
Securities
IPC CORPORATION LIMITED - SG1BB8000004 - AZA
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
01-Aug-2018 17:31:25
Status
New
Announcement Sub Title
Resignation of Independent Director and Changes in Composition of Board and Board Committees
Announcement Reference
SG180801OTHRA66C
Submitted By (Co./ Ind. Name)
Lauw Hui Kian
Designation
Director
Description (Please provide a detailed description of the event in the box below)
Resignation of Mr Lee Soo Hoon Phillip as an Independent Director of the Company and changes to the composition of Board and Board Committees.

Please refer to the file attached.

Additional Details

Name Of Person
Lee Soo Hoon Phillip
Age
76
Is effective date of cessation known?
Yes
If yes, please provide the date
01/08/2018
Detailed Reason (s) for cessation
Resignation to allow a progressive renewal of the Board.
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
09/02/1998
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)
3
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Director, Chairman of the Audit Committee and member of the Remuneration Committee and Nominating Committee.
Role and responsibilities
Independent Director.
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)
1. Transcorp Holdings Limited
2. Heatec Jietong Holdings Ltd.
Present
1. CSE Global Limited
2. G. K. Goh Holdings Limited
3. Kluang Rubber Company (Malaya) Bhd
4. Kuchai Development Bhd
5. Sungei Bagan Rubber Company (Malaya) Bhd
6. Estate and Trust Agencies (1927) Ltd
7. LMIRT Management Ltd

Attachments

IPC_RsgnPhillpLee_ReconstitutionBoardCommittees.pdf
Total size =21K