Change - Announcement of Cessation::Announcement of Cessation of President Director and Director, Distribution for PT Nirwana Lestari

Issuer & Securities

Issuer/ Manager
PETRA FOODS LIMITED
Securities
PETRA FOODS LIMITED - SG1Q25921608 - P34
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
14-May-2015 18:40:06
Status
New
Announcement Sub Title
Announcement of Cessation of President Director and Director, Distribution for PT Nirwana Lestari
Announcement Reference
SG150514OTHRZ0FJ
Submitted By (Co./ Ind. Name)
Madelyn Kwang Yeit Lam
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Announcement of Cessation of President Director and Director, Distribution for PT Nirwana Lestari

Additional Details

Name Of Person
Pontjo Susanto Widjaja
Age
64
Is effective date of cessation known?
Yes
If yes, please provide the date
14/05/2015
Detailed Reason (s) for cessation
Change in role and responsibility within the Petra Group of Companies. Due to an internal re-organisation exercise, and a consequent restructuring of roles and responsibilities, Mr Pontjo Susanto Widjaja will cease as President Director and Director, Distribution of NL, while he fulfills the role of Commissioner with immediate effect and will no longer be considered a key executive officer 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
05/11/2004
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
2
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
President Director and Director, Distribution for PT Nirwana Lestari
Role and responsibilities
To serve as Commissioner, for PT Perusahaan Industri Ceres ("PT Ceres"); and PT Nirwana Lestari ("PT NL"); and, to sit on the Country Emergency Management Committee for PT Ceres and PT NL.
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?
Yes
Shareholding Details
105,000 ordinary shares in Petra Foods Limited.
Past (for the last 5 years)
PT Nirwana Lestari
Present
Nil