Change - Announcement of Cessation::Retirement of Mr Seah Seow Kang Steven as an Independent Director

Issuer & Securities

Issuer/ Manager
WILTON RESOURCES CORPORATION LIMITED
Securities
WILTON RESOURCES CORP LIMITED - SG2G45999965 - 5F7
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
30-Sep-2024 23:42:29
Status
New
Announcement Sub Title
Retirement of Mr Seah Seow Kang Steven as an Independent Director
Announcement Reference
SG240930OTHR2G9W
Submitted By (Co./ Ind. Name)
Chin Yee Seng
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Retirement of Mr Seah Seow Kang Steven as an Independent Director of the Company upon the conclusion of the forthcoming Annual General Meeting of the Company.

This announcement has been prepared by Wilton Resources Corporation Limited (the "Company") and its contents have been reviewed by the Company's sponsor, ZICO Capital Pte. Ltd. (the "Sponsor"), in accordance with Rule 226(2)(b) of the Singapore Exchange Securities Trading Limited ("SGX-ST") Listing Manual Section B: Rules of Catalist.

This announcement has not been examined or approved by the SGX-ST and the SGX-ST assumes no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Ms. Goh Mei Xian, Director, ZICO Capital Pte. Ltd. at 77 Robinson Road, #06-03 Robinson 77, Singapore 068896, telephone (65) 6636 4201.

Additional Details

Name Of Person
Seah Seow Kang Steven
Age
69
Is effective date of cessation known?
Yes
If yes, please provide the date
17/10/2024
Detailed Reason (s) for cessation
Mr Seah Seow Kang Steven ("Mr Seah") has served on the Board of Directors of the Company ("Board") for more than nine years and is due for retirement at the Company's forthcoming Annual General Meeting to be held on 17 October 2024. In view of the nine-year tenure limit for Independent Directors prescribed under the Listing Manual Section B: Rules of Catalist of the Singapore Exchange Securities Trading Limited, Mr Seah has expressed that he is not seeking for re-election, to support renewal of the Board. Accordingly, Mr Seah will retire as an Independent Director of the Company upon conclusion of the Company's forthcoming Annual General Meeting to be held on 17 October 2024.

Upon Mr Seah's retirement, he will cease to be the Chairman of the Nominating Committee, and a member of the Audit Committee and the Remuneration Committee.

The Sponsor, after having interviewed Mr Seah, is satisfied that, other than as disclosed in this announcement, there are no other material reasons for the retirement of Mr Seah as a 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
12/12/2013
Does the AC have a minimum of 3 members (taking into account this cessation)?
No
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
1
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 Director, Chairman of the Nominating Committee, and a member of the Audit Committee and the Remuneration Committee.
Role and responsibilities
Assumed the roles and responsibilities of an Independent Director, Chairman of the Nominating Committee, and a member of the Audit Committee and the Remuneration Committee.
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?
No
Past (for the last 5 years)
Nil
Present
Nil