Change - Announcement of Appointment::Appointment of Independent Director

Issuer & Securities

Issuer/ Manager
BROMAT HOLDINGS LTD
Securities
BROMAT HOLDINGS LTD - SGXE18744354 - 9I7
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
15-Oct-2024 21:32:08
Status
New
Announcement Sub Title
Appointment of Independent Director
Announcement Reference
SG241015OTHRABE3
Submitted By (Co./ Ind. Name)
Ong Beng Hong
Designation
Joint Company Secretary
Description (Please provide a detailed description of the event in the box below)
Appointment of Independent Director.

This announcement has been reviewed by the Company's Sponsor, SAC Capital Private Limited (the "Sponsor"). This announcement has not been examined or approved by the Singapore Exchange Securities Trading Limited ("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. Tay Sim Yee (Tel: (65) 6232 3210) at 1 Robinson Road, #21-00 AIA Tower, Singapore 048542.

Additional Details

Date Of Appointment
15/10/2024
Name Of Person
Gavin Mark McIntyre
Age
59
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, board diversity considerations, and the search and nomination process)
The Board of Directors (the "Board"), having considered the recommendation of the Nominating Committee as well as the qualifications and experience of Mr Gavin Mark McIntyre ("Mr McIntyre"), is satisfied that the appointment of Mr McIntyre as an Independent Director of the Company will be beneficial to the Board and to the Group.

The Board considers Mr McIntyre to be independent for the purpose of Rule 704(7) of the Listing Manual Section B: Rules of Catalist of the Singapore Exchange Securities Trading Limited.
Whether appointment is executive, and if so, the area of responsibility
Non-Executive
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Director, Chairman of the Nominating Committee and Member of the Audit Committee and Remuneration Committee.
Professional qualifications
Bachelor of Business (Curtin University of Technology, Australia)

Certified Practising Accountant (retired, CPA Australia)
Any relationship (including immediate family relationships) with any existing director, existing executive officer, the issuer and/ or substantial shareholder of the listed issuer or any of its principal subsidiaries
Nil
Conflict of interests (including any competing business)
Nil
Working experience and occupation(s) during the past 10 years
Strategic Advisory Board Member, B4 Investigate
January 2022 - Present

Director, Aegis Interaktif Asia Pte Ltd
April 2018 - Present

Director & Consultant, Equitasasia Pte Ltd
December 2015 - Present

Director, Censere Singapore Pte Ltd
March 2013 - November 2015

Chief Financial Officer, Adventus Holdings Limited
July 2008 - February 2013
Undertaking submitted to the listed issuer in the form of Appendix 7.7 (Listing Rule 704(7)) Or Appendix 7H (Catalist Rule 704(6))
Yes
Shareholding interest in the listed issuer and its subsidiaries?
No
# These fields are not applicable for announcements of appointments pursuant to Listing Rule 704 (9) or Catalist Rule 704 (8).
Past (for the last 5 years)
Director, Waystron Pte Ltd
June 2023 - May 2024

Independent Director, Biolidics Limited
November 2021 - June 2024

Independent Director, VCPlus Limited
February 2017 - April 2024

Independent Director, Nico Steel Holdings
Limited
August 2016 - September 2023
Present
Please refer to Annexure "A" attached.
(a) Whether at any time during the last 10 years, an application or a petition under any bankruptcy law of any jurisdiction was filed against him or against a partnership of which he was a partner at the time when he was a partner or at any time within 2 years from the date he ceased to be a partner?
No
(b) Whether at any time during the last 10 years, an application or a petition under any law of any jurisdiction was filed against an entity (not being a partnership) of which he was a director or an equivalent person or a key executive, at the time when he was a director or an equivalent person or a key executive of that entity or at any time within 2 years from the date he ceased to be a director or an equivalent person or a key executive of that entity, for the winding up or dissolution of that entity or, where that entity is the trustee of a business trust, that business trust, on the ground of insolvency?
Yes
If Yes, Please provide full details
Mr McIntyre holds appointments as a director in various subsidiaries of Xihe Holdings Pte Ltd ("Xihe Holdings Group"), several of which are currently in liquidation. Xihe Holdings Pte Ltd is part of the Hin Leong Group.

These appointments, supported by the judicial managers of the Xihe Holdings Group, were to facilitate the purposes of the judicial management which are inter alia, the sale of assets to repay creditors, engage in acts to protect the interest of the group subsidiaries, and eventually place various subsidiaries into voluntary or involuntary winding up.

These activities were intended as part of the overall plans to repay debts to creditors, and rehabilitate the core business, of the Xihe Holdings Group. Save as disclosed here where Mr McIntyre's actions are taken in accordance with the purposes of the judicial management, Mr McIntyre exercises no other executive powers in these companies and has no connection nor dealings with the previous management / shareholders holding office prior to the appointment of the judicial managers.
(c) Whether there is any unsatisfied judgment against him?
No
(d) Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving fraud or dishonesty which is punishable with imprisonment, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such purpose?
No
(e) Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such breach?
No
(f) Whether at any time during the last 10 years, judgment has been entered against him in any civil proceedings in Singapore or elsewhere involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or a finding of fraud, misrepresentation or dishonesty on his part, or he has been the subject of any civil proceedings (including any pending civil proceedings of which he is aware) involving an allegation of fraud, misrepresentation or dishonesty on his part?
No
(g) Whether he has ever been convicted in Singapore or elsewhere of any offence in connection with the formation or management of any entity or business trust?
No
(h) Whether he has ever been disqualified from acting as a director or an equivalent person of any entity (including the trustee of a business trust), or from taking part directly or indirectly in the management of any entity or business trust?
No
(i) Whether he has ever been the subject of any order, judgment or ruling of any court, tribunal or governmental body, permanently or temporarily enjoining him from engaging in any type of business practice or activity?
No
(j) Whether he has ever, to his knowledge, been concerned with the management or conduct, in Singapore or elsewhere, of the affairs of :-
(i) any corporation which has been investigated for a breach of any law or regulatory requirement governing corporations in Singapore or elsewhere; or
No
(ii) any entity (not being a corporation) which has been investigated for a breach of any law or regulatory requirement governing such entities in Singapore or elsewhere; or
No
(iii) any business trust which has been investigated for a breach of any law or regulatory requirement governing business trusts in Singapore or elsewhere; or
No
(iv) any entity or business trust which has been investigated for a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, in connection with any matter occurring or arising during that period when he was so concerned with the entity or business trust?
No
(k) Whether he has been the subject of any current or past investigation or disciplinary proceedings, or has been reprimanded or issued any warning, by the Monetary Authority of Singapore or any other regulatory authority, exchange, professional body or government agency, whether in Singapore or elsewhere?
No
Any prior experience as a director of an issuer listed on the Exchange?
Yes
If Yes, Please provide details of prior experience
Independent Director, Chairman of the Audit Committee and Member of the Nominating Committee and Remuneration Committee of
Don Agro International Limited
August 2023 - Present

Lead Independent Director and Member of the Audit Committee and Remuneration Committee of Biolidics Limited
November 2021 - June 2024

Independent Director, Chairman of the Audit Committee and Member of the Nominating Committee and Remuneration Committee of
VCPlus Limited
February 2017 - April 2024

Independent Director, Chairman of the Audit Committee and Member of the Nominating Committee and Remuneration Committee of
Nico Steel Holdings Limited
August 2016 - September 2023
Please provide details of relevant experience and the nominating committee's reasons for not requiring the director to undergo training as prescribed by the Exchange (if applicable)
Not applicable

Attachments

BHL - Declaration for Appointment as ID - Gavin Mark Mclntyre - Annexure A.pdf
Total size =155K