Change - Announcement of Cessation::Cessation of Group Chief Operating Officer and Executive Director

Issuer & Securities

Issuer/ Manager
EZRA HOLDINGS LIMITED
Securities
EZRA HOLDINGS LIMITED - SG1O34912152 - 5DN
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
25-Sep-2015 07:28:58
Status
New
Announcement Sub Title
Cessation of Group Chief Operating Officer and Executive Director
Announcement Reference
SG150925OTHRSEBE
Submitted By (Co./ Ind. Name)
Yeo Keng Nien
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Cessation of Capt. Adarash Kumar A/L Chranji Lal Amarnath as Group Chief Operating Officer and Executive Director of the Company.

Additional Details

Name Of Person
Adarash Kumar A/L Chranji Lal Amarnath
Age
55
Is effective date of cessation known?
Yes
If yes, please provide the date
25/09/2015
Detailed Reason (s) for cessation
To work towards complying with the Code of Corporate Governance 2012 of having Independent Directors making up at least half of the Board. In addition, this change will allow Capt. Kumar to concentrate on his role in the Company's subsidiary, EMAS Offshore Limited.
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
24/03/2003
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)
3
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.)
Group Chief Operating Officer and Executive Director of the Company.
Role and responsibilities
Capt. Kumar assists the Group CEO and Managing Director with the day to day running of the Group.
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
Ezra Holdings Limited
1) Direct - 8,203,592 ordinary Shares
Triyards Holdings Limited
1) Direct - 788,807 ordinary shares
EMAS Offshore Limited
1) Direct - 164,000 ordinary shares
Past (for the last 5 years)
Please refer to Appendix B.
Present
Please refer to Appendix A.

Attachments

AppendixB.pdf
AppendixA.pdf
Total size =130K