Change - Announcement of Cessation::Resignation of Independent Director

Issuer & Securities

Issuer/ Manager
KENCANA AGRI LIMITED
Securities
KENCANA AGRI LIMITED - SG1CE4000000 - BNE
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
26-Apr-2024 20:03:54
Status
New
Announcement Sub Title
Resignation of Independent Director
Announcement Reference
SG240426OTHRAWEZ
Submitted By (Co./ Ind. Name)
Ms Ratna Maknawi
Designation
Executive Vice Chairman
Description (Please provide a detailed description of the event in the box below)
The Board of Directors wishes to announce the resignation of Mr Sim Idrus Munandar as the Independent Director.

Additional Details

Name Of Person
Sim Idrus Munandar
Age
70
Is effective date of cessation known?
Yes
If yes, please provide the date
26/04/2024
Detailed Reason (s) for cessation
Pursuant to Rule 210(5)(d)(iv) of the Listing Manual of the SGX-ST, Mr Sim Idrus Munandar will cease to be considered independent after the conclusion of the AGM to be held on 26 April 2024 and shall resign as Director.
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
30/09/2010
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)
1
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, Member of Audit and Risk Management Committee, Nominating Committee and Chairman of Remuneration Committee.
Role and responsibilities
Independent Director, Member of Audit and Risk Management Committee, Nominating Committee and Chairman of Remuneration Committee.
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)
PT Catur Manunggal Hidup Sejahtera
Present
Samko Timber Limited
PT Kencana Energi Lestari Tbk