Change - Announcement of Cessation::Resignation of Director

Issuer & Securities

Issuer/ Manager
LCD GLOBAL INVESTMENTS LTD.
Securities
LCD GLOBAL INVESTMENTS LTD. - SG1C01001033 - L38
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
12-Mar-2015 21:37:56
Status
New
Announcement Sub Title
Resignation of Director
Announcement Reference
SG150312OTHR3X3V
Submitted By (Co./ Ind. Name)
Iris Wu Hwee Tan
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Resignation of Mr Shigeyoshi Asano as a Director.

Additional Details

Name Of Person
Shigeyoshi Asano
Age
45
Is effective date of cessation known?
Yes
If yes, please provide the date
12/03/2015
Detailed Reason (s) for cessation
Following the acceptance by JTrust Asia Pte. Ltd. of the voluntary conditional cash offer made by DBS Bank Ltd., for and on behalf of AF Global Pte. Ltd. (the "Offeror"), for all the issued and paid-up ordinary shares in the capital of the Company, other than those already owned, controlled or agreed to be acquired by the Offeror and its concert parties. His resignation took effect immediately after the close of the said offer on 12 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
25/09/2014
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)
4
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
5
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Director
Role and responsibilities
Oversee the corporate administration of the Company.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
No
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
Mar 2015: LCD Global Investments Ltd
Present
Oct 2013: Director / JTrust Asia Pte. Ltd.

Jan 2015: Director / Fujisawa Pte. Ltd.