Change - Announcement of Cessation::ANNOUNCEMENT OF CESSATION AS NON-EXECUTIVE INDEPENDENT DIRECTOR

Issuer & Securities

Issuer/ Manager
LIONGOLD CORP LTD
Securities
LIONGOLD CORP LTD - BMG5521X1092 - A78
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
26-Feb-2020 17:32:25
Status
New
Announcement Sub Title
ANNOUNCEMENT OF CESSATION AS NON-EXECUTIVE INDEPENDENT DIRECTOR
Announcement Reference
SG200226OTHRHRY8
Submitted By (Co./ Ind. Name)
Tan Soo Khoon Raymond
Designation
Executive Director
Description (Please provide a detailed description of the event in the box below)
This announcement has been reviewed by the Company's sponsor, Stamford Corporate Services Pte. Ltd. (the "Sponsor"). It has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "SGX-ST") and the SGX-ST assumes no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Mr Bernard Lui.
Tel: 6389 3000
Email: bernard.lui@morganlewis.com

Additional Details

Name Of Person
Denis Edmund Clarke
Age
79
Is effective date of cessation known?
Yes
If yes, please provide the date
29/02/2020
Detailed Reason (s) for cessation
Dr Clarke has resigned to facilitate board renewal.
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?
Yes
If Yes, Please provide full details
Following the resignation of Dr. Clarke, the Company will have 3 non-executive independent directors. In light of further possible changes that could take place with regards to the Board, the composition of the Board and the respective Board committees have yet to be finalized and the Company will make the relevant announcements in due course.
Any other relevant information to be provided to shareholders of the listed issuer?
No
Date of Appointment to current position
01/10/2012
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)
0
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
3
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Executive Independent Director, NC Chairman, AC Member, RC Member
Role and responsibilities
To perform the functions of Non-Executive Independent Director, and fulfil the duties and responsibilities of the Chairman of the Nominating Committee, and a member of the Audit 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?
Yes
Shareholding Details
1,300,000
Past (for the last 5 years)
Hill End Gold Limited
Cullen Resources Limited
Present
Dart Mining NL
Signature Metals Limited