Change - Announcement of Cessation::Resignation of Independent Director

Issuer & Securities

Issuer/ Manager
P5 CAPITAL HOLDINGS LTD.
Securities
P5 CAPITAL HOLDINGS LTD. - SG1I98885227 - 5AI
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
26-Apr-2022 17:57:30
Status
New
Announcement Sub Title
Resignation of Independent Director
Announcement Reference
SG220426OTHR5SJF
Submitted By (Co./ Ind. Name)
Lim Shao-Lin
Designation
Chief Executive Officer and Executive Director
Description (Please provide a detailed description of the event in the box below)
Resignation of Independent Director - Mr Rathakrishnan Vijandran

This announcement has been prepared by the Company and its contents have been reviewed by the Company's Sponsor, RHT Capital Pte. Ltd. (the "Sponsor"), for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (the "SGX-ST").

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 Bao Qing - Registered Professional, 6 Raffles Quay, #24-02, Singapore 048580, sponsor@rhtgoc.com.

Additional Details

Name Of Person
Rathakrishnan Vijandran
Age
49
Is effective date of cessation known?
Yes
If yes, please provide the date
25/05/2022
Detailed Reason (s) for cessation
Mr Rathakrishnan Vijandran ("Mr Rathakrishnan") tendered his resignation as an Independent Director of the Company on 26 April 2022 due to his company's new compliance policy regarding holding directorships in any listed entities.

Following Mr Rathakrishnan's resignation, he will also relinquish his position as Chairman of the Remuneration Committee and members of the Audit Committee and Nominating Committee of the Company.

The Company's sponsor, RHT Capital Pte. Ltd., after having interviewed Mr Rathakrishnan, is satisfied that, other than disclosed in this announcement of cessation, there are no material reasons for the resignation of Mr Rathakrishnan as Independent 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
09/12/2021
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.)
1. Independent Director
2. Chairman of Remuneration Committee
3. Member of Audit Committee
4. Member of Nominating 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
No.
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
Agra Bhumi Energy Pte. Ltd. (struck off)
Present
1. Rystad Energy Asia Pte Ltd
2. Tempinis Investments Pte. Ltd.