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

Issuer & Securities

Issuer/ Manager
BRITISH AND MALAYAN TRUSTEES LIMITED
Securities
BRITISH & MALAYAN TRUSTEES LTD - SG2L10002467 - B08
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
28-Oct-2016 17:43:07
Status
New
Announcement Sub Title
Cessation of Independent Non-Executive Director
Announcement Reference
SG161028OTHRZRAW
Submitted By (Co./ Ind. Name)
Paul Martin Pavey/Angela Ho Wei Ling
Designation
Company Secretaries
Description (Please provide a detailed description of the event in the box below)
Cessation of Independent Non-Executive Director

Additional Details

Name Of Person
Nigel David Stead
Age
65
Is effective date of cessation known?
Yes
If yes, please provide the date
28/10/2016
Detailed Reason (s) for cessation
There has been a significant increase in overseas travel and time commitment for Mr Nigel Stead's own company during the past one to two years which means he is less able to commit the necessary time needed in his role as an Indepedent Director and Chairman of the Audit and Risk Committee and a member of Nominating Committee and Remuneration Committee of BMT. As a result, he has chosen not to offer himself for re-election.
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
20/04/2010
Does the AC have a minimum of 3 members (taking into account this cessation)?
No
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
1
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.)
Independent Non-Executive Director, Chairman of Audit & Risk Committee and a member of Nominating Committee and Remuneration Committee.
Role and responsibilities
To perform the functions of Independent Non-Executive Director and fulfilling duties and responsibility as the Chairman of Audit & Risk Committee and a member of Nominating Committee and Remuneration Committee.
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?
No
Past (for the last 5 years)
1) Africa Alpha Fund I Pte Ltd
2) Ceptron Holdings Pte Ltd
3) Clifton Associates (Singapore) Pte Limited
4) India Investments II Pte Limited
5) ManagementPlus (Singapore) Pte Limited
Present
1) Africa Alpha Fund II Pte Ltd
2) Club Resorts No. 1 Asia Pacific Pte. Ltd.
3) DirectorsPlus (Singapore) Pte. Limited
4) FVP Dairy Co Private Limited
5) JDX Consulting Pte Ltd
6) Mr Nigel Stead also hold a number of Non-Executive Directorships in private offshore entities in his capacity as a Director of DirectorsPlus(Singapore) Pte. Limited