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

Issuer & Securities

Issuer/ Manager
THE HOUR GLASS LIMITED
Securities
THE HOUR GLASS LIMITED - SG1AE9000009 - AGS
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
30-Jul-2018 17:58:42
Status
New
Announcement Sub Title
Announcement of Retirement of Independent Non-Executive Director
Announcement Reference
SG180730OTHRVVYD
Submitted By (Co./ Ind. Name)
Christine Chan
Designation
Company Secretary
Effective Date and Time of the event
30/07/2018 00:00:00
Description (Please provide a detailed description of the event in the box below)
Retirement of Mr Philip Eng Heng Nee as Independent Non-Executive Director, Chairman of Audit Committee and member of Remuneration Committee of The Hour Glass Limited ("Company").

Additional Details

Name Of Person
Mr Philip Eng Heng Nee
Age
71
Is effective date of cessation known?
Yes
If yes, please provide the date
30/07/2018
Detailed Reason (s) for cessation
Mr Philip Eng Heng Nee was due to retire by rotation pursuant to the Company's Constitution at the Annual General Meeting on 30 July 2018 ("AGM") and did not seek re-election. He retired as Independent Non-Executive Director at the conclusion of the AGM, and concurrently ceased to be Chairman of the Audit Committee and a member of the Remuneration Committee. The retirement is part of Board rejuvenation.
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
01/10/2009
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.)
Independent Non-Executive Director, Chairman of the Audit Committee and member of the Remuneration Committee.
Role and responsibilities
Independent Non-Executive Director, Chairman of the Audit Committee and member of the 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?
No
Past (for the last 5 years)
See Rider A.
Present
See Rider A.

Attachments

Rider A.pdf
Total size =160K