Change - Announcement of Appointment::Appointment of Independent Director - Drew Ethan Madacsi

Issuer & Securities

Issuer/ Manager
EPICENTRE HOLDINGS LIMITED
Securities
EPICENTRE HOLDINGS LIMITED - SG1W52939285 - 5MQ
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
23-Jul-2019 22:47:32
Status
New
Announcement Sub Title
Appointment of Independent Director - Drew Ethan Madacsi
Announcement Reference
SG190723OTHR5BWI
Submitted By (Co./ Ind. Name)
Lai Choong Hon
Designation
Independent Director
Description (Please provide a detailed description of the event in the box below)
Pursuant to the Notice of Compliance dated 14 June 2019 from the Singapore Exchange Regulation ("SGX Regco"), the Company has sought and obtained confirmation from SGX Regco that it has no objection to the appointment of Mr Drew Ethan Madacsi as an Independent Director of the Company.

This announcement has been reviewed by the Company's sponsor Stamford Corporate Services Pte. Ltd. (the "Sponsor"). It has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "SGX-ST") and the SGX-ST assumes no responsibility for the contents of this document, including the correctness of any of the statements or opinions made or reports contained in this document.

The contact person for the Sponsor is Mr Bernard Lui, Telephone: +65 6389 3000, Email: bernard.lui@morganlewis.com.

Additional Details

Date Of Appointment
23/07/2019
Name Of Person
Drew Ethan Madacsi
Age
44
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
The Board, having considered the recommendation of the Nominating Committee and assessed Mr Madacsi's qualifications and experience, is satisfied that Mr Madacsi has the requisite experience and capabilities to assume the duties and responsibilities as an Independent Director of the Company and considers him to be independent.
Whether appointment is executive, and if so, the area of responsibility
Non-executive
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Director
Any relationship (including immediate family relationships) with any existing director, existing executive officer, the issuer and/ or substantial shareholder of the listed issuer or any of its principal subsidiaries
None
Conflict of interests (including any competing business)
None
Working experience and occupation(s) during the past 10 years
Senior Strategic Consultant, Allington Advisory Pte Ltd (2016 - present)
Director, MMP Resources Japan K.K. (September 2016 - present)
Director, African Coal Resources Limited (June 2015 - present)
Non-Executive Chairman, MMP Resources Limited (February 2015 - present)
Senior Partner, Lighthouse Strategic Group Ltd (January 2012 - March 2018)
Director, Magnum Energy Pte Ltd (February 2015 - December 2016)
Director, Modular Power Generation Limited (February 2015 - May 2016)
Director, Laurose Consulting Limited (February 2012 - May 2016)
Director, Alliance Brands Limited (August 2014 - April 2016)
Director, Subiflex Pty Ltd (2012 - 2016)
Director, Exotic Coal Exploration Pty Ltd (2012 - 2016)
Director, Signet Coking Coal International Limited (2012 - 2016)
Director, Signet Coking Coal Limited (2011 - 2016)
Director, Magnum Modular Power Generation Pte Ltd (February 2015 - November 2015)
Undertaking submitted to the listed issuer in the form of Appendix 7.7 (Listing Rule 704(7)) Or Appendix 7H (Catalist Rule 704(6))
Yes
Shareholding interest in the listed issuer and its subsidiaries?
No
# These fields are not applicable for announcements of appointments pursuant to Listing Rule 704 (9) or Catalist Rule 704 (8).
Past (for the last 5 years)
(1) Lighthouse Strategic Group Ltd
(2) Magnum Energy Pte Ltd
(3) Modular Power Generation Limited
(4) Laurose Consulting Limited
(5) Alliance Brands Limited
(6) Subiflex Pty Ltd
(7) Exotic Coal Exploration Pty Ltd
(8) Signet Coking Coal International Limited
(9) Signet Coking Coal Limited
(10) Magnum Modular Power Generation Pte Ltd
Present
(1) Allington Advisory Pte Ltd
(2) MMP Resources Limited
(3) MMP Resources Japan K.K.
(4) African Coal Resources Limited
(a) Whether at any time during the last 10 years, an application or a petition under any bankruptcy law of any jurisdiction was filed against him or against a partnership of which he was a partner at the time when he was a partner or at any time within 2 years from the date he ceased to be a partner?
No
(b) Whether at any time during the last 10 years, an application or a petition under any law of any jurisdiction was filed against an entity (not being a partnership) of which he was a director or an equivalent person or a key executive, at the time when he was a director or an equivalent person or a key executive of that entity or at any time within 2 years from the date he ceased to be a director or an equivalent person or a key executive of that entity, for the winding up or dissolution of that entity or, where that entity is the trustee of a business trust, that business trust, on the ground of insolvency?
No
(c) Whether there is any unsatisfied judgment against him?
No
(d) Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving fraud or dishonesty which is punishable with imprisonment, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such purpose?
No
(e) Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such breach?
No
(f) Whether at any time during the last 10 years, judgment has been entered against him in any civil proceedings in Singapore or elsewhere involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or a finding of fraud, misrepresentation or dishonesty on his part, or he has been the subject of any civil proceedings (including any pending civil proceedings of which he is aware) involving an allegation of fraud, misrepresentation or dishonesty on his part?
No
(g) Whether he has ever been convicted in Singapore or elsewhere of any offence in connection with the formation or management of any entity or business trust?
No
(h) Whether he has ever been disqualified from acting as a director or an equivalent person of any entity (including the trustee of a business trust), or from taking part directly or indirectly in the management of any entity or business trust?
No
(i) Whether he has ever been the subject of any order, judgment or ruling of any court, tribunal or governmental body, permanently or temporarily enjoining him from engaging in any type of business practice or activity?
No
(j) Whether he has ever, to his knowledge, been concerned with the management or conduct, in Singapore or elsewhere, of the affairs of :-
(i) any corporation which has been investigated for a breach of any law or regulatory requirement governing corporations in Singapore or elsewhere; or
Yes
If Yes, Please provide full details
Mr Madacsi was an officer of Class War Inc. and was involved in restructuring the company, before resigning from the company. Subsequently, Class War Inc. filed for bankruptcy.
(ii) any entity (not being a corporation) which has been investigated for a breach of any law or regulatory requirement governing such entities in Singapore or elsewhere; or
No
(iii) any business trust which has been investigated for a breach of any law or regulatory requirement governing business trusts in Singapore or elsewhere; or
No
(iv) any entity or business trust which has been investigated for a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, in connection with any matter occurring or arising during that period when he was so concerned with the entity or business trust?
No
(k) Whether he has been the subject of any current or past investigation or disciplinary proceedings, or has been reprimanded or issued any warning, by the Monetary Authority of Singapore or any other regulatory authority, exchange, professional body or government agency, whether in Singapore or elsewhere?
Yes
If Yes, Please provide full details
Class War Inc. - Chapter 11 Bankruptcy procedural overview, including standard deposition.
Any prior experience as a director of an issuer listed on the Exchange?
Yes
If Yes, Please provide details of prior experience
Non-Executive Chairman, MMP Resources Limited (February 2015 - present)