Change - Announcement of Cessation::Retirement of Independent Director

Issuer & Securities

Issuer/ Manager
GLOBAL INVESTMENTS LIMITED
Securities
GLOBAL INVESTMENTS LIMITED - SGXC73602341 - B73
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
22-Apr-2021 17:55:24
Status
New
Announcement Sub Title
Retirement of Independent Director
Announcement Reference
SG210422OTHRR0GZ
Submitted By (Co./ Ind. Name)
Wong Yen Sim
Designation
Assistant Secretary
Effective Date and Time of the event
22/04/2021 17:00:00
Description (Please provide a detailed description of the event in the box below)
Retirement of Independent Director at the conclusion of Annual General Meeting

Additional Details

Name Of Person
Tan Wee Peng Kelvin
Age
57
Is effective date of cessation known?
Yes
If yes, please provide the date
22/04/2021
Detailed Reason (s) for cessation
Mr Tan retired by rotation and did not stand for re-election at the 2021 AGM.
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
15/03/2019
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
1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Director, member of the Audit and Risk Management Committee and the Remuneration Committee
Role and responsibilities
Non-executive and 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. IREIT Global Group Pte. Ltd.
2. Eagle Hospitality Business Trust Management Pte. Ltd.
3. Eagle Hospitality REIT Management Pte. Ltd.
4. USP Group Limited
5. Transcorp Holdings Limited
6. Shanghai Turbo Enterprises Ltd.
7. Accrelist Ltd.
8. Sabana Real Estate Investment Pte. Ltd.
9. Asia Business Development Pte. Ltd.
10. ASERO Worldwide Pte. Ltd.
11. GBE Holdings Pte. Ltd.
12. GBE Investment Pte. Ltd.
13. DBE Consulting Pte. Ltd.
14. NL Consulting Pte. Ltd.
15. Golden Equator Capital Pte. Ltd.
16. Marshal Systems Pte. Ltd.
17. Great Wall Majestic Pte. Ltd.
18. Citistate Capital Pte. Ltd.
19. M! Capital Ventures Pte. Ltd.
Present
1. Unusual Limited
2. Viking Offshore and Marine Limited
3. Institute of Singapore Chartered Accountants Pte. Ltd. Association of Taxation Technicians (S) Limited
4. Orient Straits Fund II-D
5. Cloud.Com Pte. Ltd.