Change - Announcement of Cessation::Resignation of Alternate Director

Issuer & Securities

Issuer/ Manager
POLLUX PROPERTIES LTD.
Securities
POLLUX PROPERTIES LTD. - SG1I77884290 - 5AE
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
26-Oct-2017 18:01:56
Status
New
Announcement Sub Title
Resignation of Alternate Director
Announcement Reference
SG171026OTHR7XIM
Submitted By (Co./ Ind. Name)
Nico Purnomo Po
Designation
Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
SAC Capital Private Limited, after having interviewed Mr Tan Nan Choon, is satisfied that other than as disclosed in this announcement, there are no material reasons for the resignation of Mr Tan Nan Choon.

This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, SAC Capital Private Limited ("Sponsor"), for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited ("SGX-ST"). The Sponsor has not independently verified the contents of this announcement.

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. Lee Khai Yinn, at 1 Robinson Road, #21-02 AIA Tower, Singapore 048542, telephone (65) 6532 3829.

Additional Details

Name Of Person
Tan Nan Choon
Age
48
Is effective date of cessation known?
Yes
If yes, please provide the date
26/10/2017
Detailed Reason (s) for cessation
Following the retirement of Mr Tan Kay Kiang as Non-Executive Director of the Company, Mr Tan Nan Choon has ipso facto ceased to be an Alternate Director.
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
31/03/2008
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.)
Alternate Director to Mr Tan Kay Kiang
Role and responsibilities
Alternate Director to Mr Tan Kay Kiang
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Nil
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
Under the Company:-
Direct interest : 3,310,000 shares (0.53%)
Past (for the last 5 years)
NA
Present
Shining Holdings Pte Ltd
Buildersmart Pte Ltd (Alternate Director)
Shining Development Pte Ltd
KStone Pte Ltd (Alternate director)
Reign Trees Pte Ltd
Ridge Green Pte Ltd