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

Issuer & Securities

Issuer/ Manager
ALLIANCE MINERAL ASSETS LIMITED
Securities
ALLIANCE MINERAL ASSETSLIMITED - AU0000031270 - 40F
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
17-Dec-2018 07:47:19
Status
New
Announcement Sub Title
Cessation of Independent Non-Executive Director - Mahtani Bhagwandas
Announcement Reference
SG181217OTHRHI6T
Submitted By (Co./ Ind. Name)
Joanna Kiernan and Alexei Fedotov
Designation
Joint Company Secretaries
Description (Please provide a detailed description of the event in the box below)
This announcement has been prepared by Alliance Mineral Assets Limited (the "Company") and its contents have been reviewed by the Company's sponsor, PrimePartners Corporate Finance Pte. Ltd. (the "Sponsor"), for compliance with the SGX-ST Listing Manual Section B: Rules of Catalist. The Sponsor has not verified the contents of this announcement.

This announcement has not been examined or approved by the SGX-ST. The Sponsor and the SGX-ST assume no responsibility for the contents of this announcement including the accuracy, completeness or correctness of any of the information, statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Ms Gillian Goh, Director, Head of Continuing Sponsorship (Mailing Address: 16 Collyer Quay, #10-00 Income at Raffles, Singapore 049318 and E-mail: sponsorship@ppcf.com.sg).

Additional Details

Name Of Person
Mahtani Bhagwandas
Age
50
Is effective date of cessation known?
Yes
If yes, please provide the date
14/12/2018
Detailed Reason (s) for cessation
Following the implementation of Scheme of Arrangement between Tawana and its shareholders, Mr Mahtani Bhagwandas ("Mr Bhagwandas") has ceased to be the Independent Non-Executive Director of the Company.

Based on its enquiries, the Company's Sponsor, PrimePartners Corporate Finance Pte. Ltd., is satisfied that, other than as disclosed in this announcement, there are no material reasons for the cessation of Mr Bhagwandas as Independent Non-Executive Director of the Company.
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
11/04/2014
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)
2
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
5
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Non-Executive Director
Role and responsibilities
Non-Executive
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
Mr Bhagwandas holds 250,000 Shares in the Company.
Past (for the last 5 years)
Please refer to Appendix A
Present
Please refer to Appendix B

Attachments

Past and Present Directorship - Mahtani Appendix AB 002 Final.pdf
Total size =68K