Change - Announcement of Cessation::Announcement of Cessation of Independent Director

Issuer & Securities

Issuer/ Manager
UE E&C LTD.
Securities
UE E&C LTD. - SG2C88967436 - NI3
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
29-Jan-2015 18:19:45
Status
New
Announcement Sub Title
Announcement of Cessation of Independent Director
Announcement Reference
SG150129OTHRCPNO
Submitted By (Co./ Ind. Name)
Tan Ching Chek
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Cessation of Independent Director, Mr Yeo Yun Seng

Additional Details

Name Of Person
Yeo Yun Seng
Age
64
Is effective date of cessation known?
Yes
If yes, please provide the date
29/01/2015
Detailed Reason (s) for cessation
Mr Yeo Yun Seng stepped down as the Independent Director following the close of the Voluntary Unconditional Offer by DMG & Partners Securities Pte. Ltd., for and on behalf of Universal EC Investments Pte. Ltd. (the Offeror), for all the issued and paid-up ordinary shares in the capital of the Company, other than those already owned, controlled or agreed to be acquired by the Offeror, its related corporations and their respective nominees.
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
01/07/2014
Does the AC have a minimum of 3 members (taking into account this cessation)?
No
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
6
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Director
Role and responsibilities
Mr Yeo Yun Seng is an Independent Director of the Company. He is also a member of the Audit & Risk Committee.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
No
Shareholding interest in the listed issuer and its subsidiaries?
No
Other Directorships
Past (for the last 5 years)
Agva Corporation Limited
Present
1) RH Petrogas Limited
2) Sin Heng Heavy Machinery Limited
3) MFS Technology Ltd
4) Shri Corporation Pte. Ltd.
5) SHRI Academy