Change - Announcement of Cessation::Resignation of Non-Executive and Non-Independent Director

Issuer & Securities

Issuer/ Manager
ROTARY ENGINEERING LIMITED.
Securities
ROTARY ENGINEERING LIMITED - SG1A43000730 - R07
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
31-Aug-2017 17:43:53
Status
New
Announcement Sub Title
Resignation of Non-Executive and Non-Independent Director
Announcement Reference
SG170831OTHRBB8N
Submitted By (Co./ Ind. Name)
Toh Li Ping, Angela
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Resignation of Non-Executive and Non-Independent Director

Additional Details

Name Of Person
Badri Narayanan Santhana Krishnan
Age
37
Is effective date of cessation known?
Yes
If yes, please provide the date
31/08/2017
Detailed Reason (s) for cessation
Mr Badri Narayanan Santhana Krishnan (representative of Oman Investment Fund, a substantial shareholder of the Company) has resigned as a Non-Executive and Non-Independent Director to pursue other career opportunities.
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
22/09/2008
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.)
Non-Executive and Non-Independent Director and a member of the Audit Committee and the Remuneration 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
None
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
Nil
Present
AAB Investments Inc.