Change - Announcement of Cessation::Resignation of Independent Non-Executive Director

Issuer & Securities

Issuer/ Manager
BOUSTEAD SINGAPORE LIMITED
Securities
BOUSTEAD SINGAPORE LIMITED - SG1X13940751 - F9D
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
29-Apr-2015 18:08:22
Status
New
Announcement Sub Title
Resignation of Independent Non-Executive Director
Announcement Reference
SG150429OTHRRUMC
Submitted By (Co./ Ind. Name)
Alvin Kok
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Resignation of Independent Non-Executive Director.

Additional Details

Name Of Person
John Lim Kok Min
Age
74
Is effective date of cessation known?
Yes
If yes, please provide the date
29/04/2015
Detailed Reason (s) for cessation
Mr John Lim Kok Min is currently the Chairman and Independent Non-Executive Director of Boustead Projects and so as not to affect his independence in Boustead Projects, the Board and Mr John Lim Kok Min have agreed that in the event of the listing of Boustead Projects on the SGX-ST, Mr John Lim Kok Min will relinquish his position on the Board as stated in paragraph 2.1.6 of the Circular dated 31 March 2015.
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
13/10/2011
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
1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Non-Executive Director
Role and responsibilities
Chairman of Audit Committee, Member of Nominating and Remuneration Committtees
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
Direct Interest - 564,322 ordinary shares in Boustead Singapore Limited.
Past (for the last 5 years)
Gas Supply Pte Ltd
LMA International NV
NTUC FairPrice Co-operative Limited
Singapore Institute of Directors
Singapore Institute of Management
Present
Econ Healthcare Pte Ltd
Forterra Real Estate Pte Ltd
IREIT Global Group Pte. Ltd
Silverlake Axis System Holdings Ltd
Taylor's Education Pte. Ltd.

Attachments