Change - Announcement of Cessation::CESSATION OF NON-EXECUTIVE DIRECTOR AND CHAIRMAN OF THE BOARD
Issuer & Securities
Issuer/ Manager
VALLIANZ HOLDINGS LIMITED
Securities
VALLIANZ HOLDINGS LIMITED - SG1J89892363 - 545
Stapled Security
No
Announcement Details
Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
27-Jul-2016 20:46:31
Status
New
Announcement Sub Title
CESSATION OF NON-EXECUTIVE DIRECTOR AND CHAIRMAN OF THE BOARD
Announcement Reference
SG160727OTHRGY75
Submitted By (Co./ Ind. Name)
Ling Yong Wah
Designation
Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Cessation of Non-Executive Director and Chairman of the Board.
This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, Provenance Capital Pte. Ltd. ("Sponsor"), for compliance with the Singapore Exchange Securities Trading Limited (the "SGX-ST") Listing Manual Section B: Rules of Catalist. The Sponsor has not verified independently the contents of this announcement.
This announcement has not been examined or approved by the SGX-ST. The Sponsor and the SGX-ST assume no responsibility for the contents of this announcement, including the accuracy, completeness or correctness of any of the information, statements or opinions made or reports contained in this announcement.
The contact person for the Sponsor is Ms Wong Bee Eng, Chief Executive Officer, at 96 Robinson Road, #13-01, SIF Building, Singapore 068899.
Telephone (65) 6227 1580 Email: wongbe@provenancecapital.com
Additional Details
Name Of Person
Raymond Kim Goh
Age
48
Is effective date of cessation known?
Yes
If yes, please provide the date
27/07/2016
Detailed Reason (s) for cessation
Due to health reason.
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
06/09/2010
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)
2
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.)
Non-Executive Director and Chairman of the Board and a Member of Audit Committee, Remuneration Committee and Nominating Committee.
Role and responsibilities
Mapping out the directions for Group's growth at a strategic level and provides close oversight, guidance, advice and leadership to the Chief Executive Officer and Management.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
None.
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
Mr Raymond Kim Goh is deemed to have an interest in 0.92% shares held by a family trust constituted by Mr Raymond Kim Goh for the benefit of his family members but not Mr Raymond Kim Goh himself. Mr Raymond Kim Goh is deemed to have an interest pursuant to Section 4 of the Securities and Futures Act.
Past (for the last 5 years)
Non-Executive Chairman of Kreuz Holdings Limited.
Present
Executive Chairman of Swiber Holdings Limited.
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