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

Issuer & Securities

Issuer/ Manager
OVERSEAS EDUCATION LIMITED
Securities
OVERSEAS EDUCATION LIMITED - SG2F49989922 - RQ1
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
24-Apr-2025 19:11:14
Status
New
Announcement Sub Title
Cessation of Non-Executive Non-Independent Director
Announcement Reference
SG250424OTHRM8A1
Submitted By (Co./ Ind. Name)
Tan Swee Gek
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Cessation of Mr David Peter Walker ("Mr Walker") as Non-Executive Non-Independent Director of the Company.

The number of the Independent Directors currently resident in Singapore includes the appointment of Ms Ang Tsu En Evelyn and Mr Choo Chih Chien Benjamin and the cessation of Mr Walker announced today.

The number of cessations of appointments specified in Listing Rule 704(7) or Catalist Rule 704(6) over the past 12 months does not include the cessation of Mr Walker announced today.

Additional Details

Name Of Person
David Peter Walker
Age
63
Is effective date of cessation known?
Yes
If yes, please provide the date
24/04/2025
Detailed Reason (s) for cessation
Having served on the Board for more than nine years, Mr Walker was with effect from 1 July 2024 re-designated as a Non-Executive Non-Independent Director. To facilitate the renewal of the Board, Mr Walker will be stepping down as a Non-Executive Non-Independent Director of the Company with effect from the conclusion of the annual general meeting on 24 April 2025. He will concurrently relinquish his positions as member of the Audit Committee, Nominating Committee, and Remuneration 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
01/07/2024
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)
4
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.)
Non-Executive Non-Independent Director, Member of the Audit Committee, Nominating Committee, and Remuneration Committee.
Role and responsibilities
Non-Executive Non-Independent
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
Other Directorships
Past (for the last 5 years)
Member of the Global Board of Governors of the IB and Member of the IB Education and Governance Committees

Chairman of Soil Scout Oy
Present
Founder and Managing Director of Kauri Capital Pte Ltd

Founder and Managing Director of Rimu Investments Pte Ltd

Board Member of UB Forest and Fibre Management Ltd

Senior Partner of UB Forest Industry Green Growth Fund LP