Change - Announcement of Cessation::Retirement of Independent Director

Issuer & Securities

Issuer/ Manager
CIVMEC LIMITED
Securities
CIVMEC LIMITED - AU0000012056 - P9D
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
30-Oct-2024 18:33:58
Status
New
Announcement Sub Title
Retirement of Independent Director
Announcement Reference
SG241030OTHRKN4M
Submitted By (Co./ Ind. Name)
James Finbarr Fitzgerald
Designation
Executive Chairman
Description (Please provide a detailed description of the event in the box below)
Retirement of Independent Director

Additional Details

Name Of Person
Douglas Owen Chester
Age
71
Is effective date of cessation known?
Yes
If yes, please provide the date
30/10/2024
Detailed Reason (s) for cessation
Under SGX listing rule 210(5)(d)(iv), Mr Douglas Owen Chester is not considered Independent Director following the AGM held on 30 October 2024 and is not seeking re-election. Accordingly, Mr Douglas Owen Chester has retired as an Independent Director of Civmec Limited.
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
02/11/2012
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.)
Independent Director. Chairman of Nominating Committee and a member of Audit, Risks and Conflicts and Remuneration Committees
Role and responsibilities
Fulfil the responsibilities of Independent Director, Chairman of Nominating Committee and a member of Audit, Risks and Conflicts and Remuneration Committees
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
70000
Past (for the last 5 years)
Australian Maritime Shipbuilding and Export Group (AMSEG)
Present
Nil