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

Issuer & Securities

Issuer/ Manager
SAKAE HOLDINGS LTD.
Securities
SAKAE HOLDINGS LTD. - SG1O42912715 - 5DO
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
07-Nov-2024 22:46:52
Status
New
Announcement Sub Title
Resignation of Non-Executive and Independent Director
Announcement Reference
SG241107OTHRZBJM
Submitted By (Co./ Ind. Name)
Chan Lai Yin
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Mr Ali Ijaz Ahmad has resigned as Non-Executive and Independent Director of the Company with effect from 7 November 2024.

The Board of Directors would like to express its appreciation to Mr Ali Ijaz Ahmad for his invaluable contributions and guidance to the Company during his tenure of service.

Additional Details

Name Of Person
Ali Ijaz Ahmad
Age
52
Is effective date of cessation known?
Yes
If yes, please provide the date
07/11/2024
Detailed Reason (s) for cessation
To focus on his busy work commitments.
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
25/07/2023
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.)
Non-Executive and Independent Director
Role and responsibilities
Fulfilling the responsibilities of a Non-Executive and 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?
No
Past (for the last 5 years)
Intellectual Property Office of Singapore
Present
Makara Investment Advisors Pte Ltd, Makara Capital Partners Pte Ltd, Asia Development Fund Pte Ltd, Singapore Turkey Investment Company Pte Ltd, Makara Capital Limited, The Colonial Singapore Pte Ltd, Austrian Anadi Bank AG, Makara Strategic Acquisition Corp.