Change - Announcement of Cessation::Cessation of Independent Director

Issuer & Securities

Issuer/ Manager
BROMAT HOLDINGS LTD
Securities
BROMAT HOLDINGS LTD - SGXE18744354 - 9I7
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
25-Oct-2024 18:53:09
Status
New
Announcement Sub Title
Cessation of Independent Director
Announcement Reference
SG241025OTHRZUHG
Submitted By (Co./ Ind. Name)
Lim Teck-Ean
Designation
Executive Director
Description (Please provide a detailed description of the event in the box below)
Cessation of Independent Director.

This announcement has been reviewed by the Company's Sponsor, SAC Capital Private Limited (the "Sponsor"). This announcement has not been examined or approved by the Singapore Exchange Securities Trading Limited ("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. Tay Sim Yee (Tel: (65) 6232 3210) at 1 Robinson Road, #21-00 AIA Tower, Singapore 048542.

Additional Details

Name Of Person
Gavin Mark McIntyre
Age
59
Is effective date of cessation known?
Yes
If yes, please provide the date
25/10/2024
Detailed Reason (s) for cessation
Mr Gavin Mark McIntyre ("Mr McIntyre") tendered his resignation on 24 October 2024 as an Independent Director of the Company due to differences in professional judgment on corporate governance matter. Following Mr McIntyre's resignation, he will relinquish his position as Chairman of the Nominating Committee and Member of the Remuneration and Audit Committees.

The Company has commenced its search for a new independent director and will keep shareholders apprised in due course through announcement on the SGXNET.

After having interviewed Mr McIntyre and to the best of its knowledge, the Company s Sponsor, SAC Capital Private Limited, is satisfied that, save as disclosed in this announcement, there are no other material reasons for the cessation of Mr McIntyre as an Independent Director.
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?
Yes
If Yes, Please provide full details
Save for the differences in professional judgment on corporate governance matter, there are no unresolved differences in opinion on material matters between Mr McIntyre and the Board.
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
15/10/2024
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)
2
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
3
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Director, Chairman of the Nominating Committee and Member of the Remuneration Committee and Audit Committee
Role and responsibilities
Non-Executive
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?
No
Past (for the last 5 years)
Director, Waystron Pte Ltd
June 2023 - May 2024

Independent Director, Biolidics Limited
November 2021 - June 2024

Independent Director, VCPlus Limited
February 2017 - April 2024

Independent Director, Nico Steel Holdings Limited
August 2016 - September 2023
Present
Please refer to Annexure "A" attached.

Attachments

Annexure A.pdf
Total size =155K