Change - Announcement of Cessation::Retirement of President & Chief Executive Officer, Executive and Non-Independent Director

Issuer & Securities

Issuer/ Manager
UNITED INDUSTRIAL CORPORATION LIMITED
Securities
UNITED INDUSTRIAL CORP LTD - SG1K37001643 - U06
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
01-Jul-2020 18:00:28
Status
New
Announcement Sub Title
Retirement of President & Chief Executive Officer, Executive and Non-Independent Director
Announcement Reference
SG200701OTHRS75F
Submitted By (Co./ Ind. Name)
Teo Hwee Ping
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Retirement of Mr Lim Hock San as President & CEO, Executive and Non-Independent Director.

Additional Details

Name Of Person
Lim Hock San
Age
73
Is effective date of cessation known?
Yes
If yes, please provide the date
30/09/2020
Detailed Reason (s) for cessation
Retirement from the position of President & Chief Executive Officer on 30 September 2020. Please refer to the Company's other announcement today relating to the subject matter.
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
01/04/1992
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)
6
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.)
President & Chief Executive Officer, Executive and Non-Independent Director
Role and responsibilities
As the President & Chief Executive Officer, Mr Lim Hock San has full executive responsibilities to manage the business of United Industrial Corporation Limited ("UIC Ltd") and its subsidiaries, and to develop and implement Board's approved strategies.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
None
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
UIC Ltd - 275,863 shares
- 1,120,000 share options
Past (for the last 5 years)
Nil
Present
Please see Appendix A

Attachments

CEO App A.pdf
Total size =25K