Change - Announcement of Cessation::Cessation of Director

Issuer & Securities

Issuer/ Manager
MDR LIMITED
Securities
MDR LIMITED - SG1N26909308 - A27
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
12-Nov-2015 18:32:21
Status
New
Announcement Sub Title
Cessation of Director
Announcement Reference
SG151112OTHRNLJF
Submitted By (Co./ Ind. Name)
Madan Mohan
Designation
Company Secretary
Effective Date and Time of the event
12/11/2015 17:00:00
Description (Please provide a detailed description of the event in the box below)
Cessation of Mr Mah Kah On as an Independent and Non-Executive Director of the Company

Additional Details

Name Of Person
Mr Mah Kah On
Age
65
Is effective date of cessation known?
Yes
If yes, please provide the date
12/11/2015
Detailed Reason (s) for cessation
Mr Mah has completed 9 years term as an Independent Director ("ID") of the Company. He continued in office till date upon the Company's request until a suitable replacement ID could be found.

The Company has appointed a new ID effective from today. As such, Mr Mah took this opportunity to step down from the Board.
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
09/09/2005
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
0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
1) Independent Non-Executive Director;
2) Chairman of Audit Committee;
3) Member of Nominating Committee; and
4) Member of Remuneration Committee.
Role and responsibilities
1) Independent Non-Executive Director;
2) Member of Audit Committee;
3) Member of Nominating Committee; and
4) Member of Remuneration Committee.
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
10,000,000
Past (for the last 5 years)
None
Present
None