Change - Announcement of Cessation::Retirement of Independent Non-Executive Director

Issuer & Securities

Issuer/ Manager
WILMAR INTERNATIONAL LIMITED
Securities
WILMAR INTERNATIONAL LIMITED - SG1T56930848 - F34
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
24-Apr-2019 19:24:41
Status
New
Announcement Sub Title
Retirement of Independent Non-Executive Director
Announcement Reference
SG190424OTHRZGNN
Submitted By (Co./ Ind. Name)
Teo La-Mei
Designation
Director and Company Secretary
Description (Please provide a detailed description of the event in the box below)
Mr Yeo Teng Yang ("Mr Yeo"), an Independent Non-Executive Director of the Company, has retired at the conclusion of the Annual General Meeting on 24 April 2019. Concurrent with his retirement, Mr Yeo ceased to be the Lead Independent Director, Chairman of the Risk Management Committee ("RMC") and a member of each of the Audit Committee ("AC"), Nominating Committee ("NC") and Remuneration Committee ("RC").

Upon the recommendation of the NC, the Board of Directors (the "Board") has approved the appointment of Mr Lim Siong Guan ("Mr Lim") (who is considered to be independent for the purpose of Rule 704(8) of the Listing Manual of the Singapore Exchange Securities Trading Limited) as the new Lead Independent Director of the Company. In addition to the above, Mr Lim has also been appointed as RMC Chairman and a member of each of the AC, NC and RC.

Additional Details

Name Of Person
Yeo Teng Yang
Age
77
Is effective date of cessation known?
Yes
If yes, please provide the date
24/04/2019
Detailed Reason (s) for cessation
Mr Yeo has retired by rotation pursuant to Article 105 of the Company's Constitution and did not seek re-election. The Board wishes to extend its thanks and appreciation to Mr Yeo for his dedication and contributions during his tenure on 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
14/07/2006
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)
5
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
2
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Non-Executive Director, Lead Independent Director, RMC Chairman and a member of each of the AC, NC and RC.
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?
Yes
Shareholding Details
100,000 shares in the Company
Past (for the last 5 years)
United International Securities Limited
(dissolved on 4 December 2015)
Present
Nil