Change - Announcement of Cessation::Cessation of Independent Director

Issuer & Securities

Issuer/ Manager
STAMFORD TYRES CORPORATION LIMITED
Securities
STAMFORD TYRES CORPORATIONLTD - SG1O53913362 - S29
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
02-Sep-2019 17:54:51
Status
New
Announcement Sub Title
Cessation of Independent Director
Announcement Reference
SG190902OTHR8SRW
Submitted By (Co./ Ind. Name)
Michelle Heng
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Cessation as Independent Director.

Additional Details

Name Of Person
Tay Puan Siong
Age
71
Is effective date of cessation known?
Yes
If yes, please provide the date
02/09/2019
Detailed Reason (s) for cessation
Having served for more than 20 years on the Board of the Company, Mr Tay Puan Siong has decided to step down for progressive renewal of the Board. He will also step down as Chairman of the Audit Committee and a member of the Nominating Committee.
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
02/06/1994
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
1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Director, AC Chairman and NC member
Role and responsibilities
Non-Executive Independent Director
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?
Yes
Shareholding Details
Direct: 2,500 ordinary shares in Company
Deemed: 2,500 ordinary shares in Company
Past (for the last 5 years)
Times Publishing Limited, GMG Global Limited
Present
Nil