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

Issuer & Securities

Issuer/ Manager
VENTURE CORPORATION LIMITED
Securities
VENTURE CORPORATION LIMITED - SG0531000230 - V03
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
28-Apr-2022 17:31:13
Status
New
Announcement Sub Title
Retirement of a Non-Executive Director
Announcement Reference
SG220428OTHR2LVJ
Submitted By (Co./ Ind. Name)
Devika Rani Davar
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Announcement of Retirement of a Non-Executive Director

Additional Details

Name Of Person
Koh Lee Boon
Age
77
Is effective date of cessation known?
Yes
If yes, please provide the date
28/04/2022
Detailed Reason (s) for cessation
After a long and remarkable tenure as a Director, Mr Koh Lee Boon has decided to retire from the Board. Accordingly, at the Company's Annual General Meeting held on 28 April 2022, Mr Koh elected not to seek re-election upon his retirement by rotation. Following his retirement, Mr Koh will cease to be a member of the Company's Audit & Risk Committee.
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
01/08/1996
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
3
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Executive Director
Member, Audit & Risk Committee
Role and responsibilities
As above
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
3,000 ordinary shares in Venture Corporation Limited
Past (for the last 5 years)
NIL
Present
NIL