Change - Announcement of Cessation::Retirement of Independent Director

Issuer & Securities

Issuer/ Manager
PEC LTD.
Securities
PEC LTD. - SG1Y45946619 - IX2
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
27-Oct-2017 18:58:24
Status
New
Announcement Sub Title
Retirement of Independent Director
Announcement Reference
SG171027OTHR9SZS
Submitted By (Co./ Ind. Name)
Edna Ko Poh Thim
Designation
Executive Chairman
Description (Please provide a detailed description of the event in the box below)
Please see below.

Additional Details

Name Of Person
Chia Kim Huat
Age
50
Is effective date of cessation known?
Yes
If yes, please provide the date
27/10/2017
Detailed Reason (s) for cessation
Mr Chia Kim Huat retired by rotation at the conclusion of the Company's Annual General Meeting held on 27 October 2017 and although eligible, did not seek re-election. Mr Chia will concurrently cease to be the Chairman of the Nominating Committee and a member of the Audit and Risk Management Committee and the Remuneration Committee of the Company.
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
25/06/2009
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
2
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Director, Chairman of the Nominating Committee and a member of the Audit and Risk Management Committee and the Remuneration Committee.
Role and responsibilities
Independent Director.
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
50,000 ordinary shares (direct interest) in the Company.
Past (for the last 5 years)
Please see attached.
Present
Please see attached.

Attachments

CKH directorships past and present.pdf
Total size =3K