Change - Announcement of Cessation::Cessation as Alternate Director

Issuer & Securities

Issuer/ Manager
THAKRAL CORPORATION LTD
Securities
THAKRAL CORPORATION LTD - SG1AJ2000005 - AWI
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
30-Dec-2019 21:03:01
Status
New
Announcement Sub Title
Cessation as Alternate Director
Announcement Reference
SG191230OTHRCLSW
Submitted By (Co./ Ind. Name)
Anil Daryanani
Designation
Chief Financial Officer
Description (Please provide a detailed description of the event in the box below)
Cessation as Alternate Director.

Additional Details

Name Of Person
Bikramjit Singh Thakral
Age
44
Is effective date of cessation known?
Yes
If yes, please provide the date
01/01/2020
Detailed Reason (s) for cessation
Revocation by appointor as alternate in preparation for appointment as a Non-Executive Director.
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
05/07/2013
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
0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Alternate Director
Role and responsibilities
Attending and participating in meetings and matters of the Board and Board Committees on behalf of Mr. Kartar Singh Thakral as and when required.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
1. Non-Executive Alternate Director to the Company's Executive Director, Mr. Kartar Singh Thakral till 1 January 2020.
2. Controlling shareholder of the Company with deemed interest in 65,692,560 ordinary shares.
3. Director of the principal subsidiaries - Thakral Japan Properties Pte. Ltd., TJP Pte. Ltd. and Thakral Umeda Properties Pte. Ltd.
4. Grandson of the Company's Executive Director and controlling shareholder, Mr. Kartar Singh Thakral.
5. Nephew of the Company's CEO, Executive Director and controlling shareholder, Mr. Inderbethal Singh Thakral.
6. Son of the Company's controlling shareholder, Mr. Gurmukh Singh Thakral.
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
Thakral Corporation Ltd - Deemed interest in 65,692,560 ordinary shares

Subsidiaries:
1. Thakral Japan Properties Pte. Ltd. - Deemed interest in 566,099 ordinary shares

2. TJP Pte. Ltd. - Deemed interest in 2,117,581 ordinary shares

3. Thakral Umeda Properties Pte. Ltd. - Deemed interest in 1,636,000 ordinary shares
Past (for the last 5 years)
Please refer to Annexure A attached.
Present
Please refer to Annexure B attached.

Attachments

BST_Past_Directorships_Annexure_A_20191230.pdf
BST_Present_Directorships_Annexure_B_20191230.pdf
Total size =29K