Change - Announcement of Cessation::Cessation of Steve Rhodes as co-Chair

Issuer & Securities

Issuer/ Manager
THE TRENDLINES GROUP LTD.
Securities
THE TRENDLINES GROUP LTD. - IL0011328858 - 42T
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
21-Feb-2024 20:16:20
Status
New
Announcement Sub Title
Cessation of Steve Rhodes as co-Chair
Announcement Reference
SG240221OTHRYEIF
Submitted By (Co./ Ind. Name)
Sahar Farah
Designation
Joint Company Secretary
Description (Please provide a detailed description of the event in the box below)
This announcement has been reviewed by the Company's sponsor, PrimePartners Corporate Finance Pte. Ltd. (the "Sponsor"). It has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "Exchange") and the Exchange assumes no responsibility for the contents of this document, including the correctness of any of the statements or opinions made or reports contained in this document. The contact person for the Sponsor is Mr. Shervyn Essex, 16 Collyer Quay, #10-00 Collyer Quay Centre, Singapore 049318,sponsorship@ppcf.com.sg.

Additional Details

Name Of Person
Steve Rhodes
Age
68
Is effective date of cessation known?
Yes
If yes, please provide the date
08/03/2024
Detailed Reason (s) for cessation
Steve Rhodes is stepping down from his position as co-Chair and Nehama Ronen, currently one of the Company's Independent Director, will be named interim Chair, with effect from 8 March 2024. This follows succession planning discussions with the Board, such that Steve would remain as co-Chair of the Company for approximately six months (notice period) as set out in Steve's cessation announcement dated 31 October 2023, while the Company searches and appoints a replacement Chair over a reasonable handing over period. As this process is in place, Steve is of the view that there is no need to delay the changeover.
After having interviewed Mr Steve Rhodes and to the best of its knowledge, the Company's Sponsor, PrimePartners Corporate Finance Pte. Ltd., is satisfied that save as disclosed in this announcement, there are no material reasons for the retirement of Mr Steve Rhodes as co-Chair of the Company.
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
01/05/2007
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)
2
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
5
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chair
Role and responsibilities
Overall management of the Board of Directors and general business strategy for the Group.
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?
Yes
Shareholding Details
19,619,562
Other Directorships
Past (for the last 5 years)
ProArc Medical Ltd.
Vensica E.K. Therapeutics Ltd.
BIPS Medical Ltd.
Valentis Ltd.
Coralert Ltd.
Ceretrieve Ltd.
Advanced MemTech Ltd.
Tandem Technologies Ltd.
Intellibreath Ltd.
Medivalve Ltd.
OBsmart Ltd.
Mitrassist Ltd.
IonMed Ltd.
ETView Ltd.
SIL Vascular Ltd.
Trendlines Incubators Israel Ltd. Zygofix Ltd.
OrthoSpin Ltd
LapSpace Ltd.
Present
Pregnantech Ltd.
Fruitspec Ltd.
Agroscout Ltd.
Leviticus Cardio Ltd.
EdenShield Ltd.
BioFishency Ltd.
Saturas Ltd.
AquiNovo Ltd.
S.T.S Medical Ltd.
Hargol Foodtech Ltd.
Liberdi Ltd.
Algahealth (AH) Ltd.
Sentercare Ltd.
Trendlines Agtech Ltd
Trendlines Venture Manangement Ltd
Trendlines Investments Israel Ltd.
Trendlines Group Ltd.
Vvital Biomed Ltd.
Metomotion Ltd.
Technology Incubator Misgav/Karmiel, Management Services Ltd.
Trendlines Agrifood Innovation Center Pte. Ltd.
Trendlines Agrifood Pte. Ltd Trendlines Incubators Israel Ltd
GreenSpense Ltd.
T.D.L. International Directions Ltd.
NeuroQuest Ltd.
Sol Chip Ltd.
Stimatix GI Ltd.
Juvenis Ltd.
RealView Medical Ltd.