Change - Announcement of Cessation::Retirement of Independent Director, Mr Raymond Lim Siang Keat

Issuer & Securities

Issuer/ Manager
RAFFLES MEDICAL GROUP LTD
Securities
RAFFLES MEDICAL GROUP LTD - SG1CH4000003 - BSL
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
25-Apr-2022 17:29:13
Status
New
Announcement Sub Title
Retirement of Independent Director, Mr Raymond Lim Siang Keat
Announcement Reference
SG220425OTHRRXYQ
Submitted By (Co./ Ind. Name)
Kimmy Goh
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Retirement of Mr Raymond Lim Siang Keat as Non-Executive Independent Director and a member of Audit & Risk Committee.

Additional Details

Name Of Person
Mr Raymond Lim Siang Keat
Age
62
Is effective date of cessation known?
Yes
If yes, please provide the date
25/04/2022
Detailed Reason (s) for cessation
As part of the Board rejuvenation process and good corporate governance practice, Mr Raymond Lim Siang Keat will retire from the Board on 25 April 2022. Mr Raymond Lim Siang Keat has served on the Board for 9 years and has been a member of the Audit & Risk Committee since 2 January 2014.

Upon his retirement, he will also cease to be a member of Audit & Risk Committee of the Company.

The Board of Directors and the Company would like to record our appreciation to Mr Raymond Lim Siang Keat for his invaluable contributions and guidance during his tenure as an Independent Director 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
25/04/2013
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)
6
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
3
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-executive and Independent Director, Audit & Risk Committee Member
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
None
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
1. Direct Interest - 160,000 Raffles Medical Group Ltd Ordinary Shares

2. Date of Grant - 3 September 2018
Options to subscribe for Ordinary Shares in Raffles Medical Group Ltd - 75,000
Option price per share - S$1.09

3. Date of Grant - 1 July 2019
Options to subscribe for Ordinary Shares in Raffles Medical Group Ltd - 125,000
Option price per share - S$1.04

4. Date of Grant - 5 October 2020
Options to subscribe for Ordinary Shares in Raffles Medical Group Ltd - 250,000
Option price per shares - S$0.81

5. Date of Grant - 1 September 2021
Options to subscribe for Ordinary Shares in Raffles Medical Group Ltd - 200,000
Option price per share - S$1.40
Past (for the last 5 years)
1. Hong Leong Finance Limited (Non-Executive and Independent Director)
2. GIC Private Limited (Non-Executive and Independent Director)
Present
1. Raffles Medical Group Ltd (Non-Executive and Independent Director)
2. Swire Properties Limited (Non-Executive and Independent Director)