Change - Announcement of Cessation::Retirement of an Independent Non-Executive Director

Issuer & Securities

Issuer/ Manager
VENTURE CORPORATION LIMITED
Securities
VENTURE CORPORATION LIMITED - SG0531000230 - V03
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
27-Apr-2023 17:45:17
Status
New
Announcement Sub Title
Retirement of an Independent Non-Executive Director
Announcement Reference
SG230427OTHRS7AY
Submitted By (Co./ Ind. Name)
Devika Rani Davar
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Announcement of Retirement of an Independent Non-Executive Director

Additional Details

Name Of Person
Jonathan Serge Huberman
Age
57
Is effective date of cessation known?
Yes
If yes, please provide the date
27/04/2023
Detailed Reason (s) for cessation
After serving 8 years tenure as an Independent Non-Executive Director, Mr Jonathan S. Huberman has decided to retire from the Board. Accordingly, at the Company's Annual General Meeting held on 27 April 2023, Mr Huberman elected not to seek re-election upon his retirement by rotation. Following his retirement, Mr Huberman will cease to be a member of the Company's Audit & Risk Committee and Investment Committee.
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
02/01/2015
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)
5
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 Non-Executive Director
Member of the Audit & Risk Committee
Member of the Investment Committee
Role and responsibilities
As above
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
Other Directorships
Past (for the last 5 years)
Ooyala, Inc
Present
Nogin, Inc
CuriosityStream Inc
Aculon, Inc
Otonomo Technologies Ltd