Change - Announcement of Cessation::CHANGE - ANNOUNCEMENT OF CESSATION
Issuer & Securities
BLACKGOLD NATURAL RESOURCES LIMITED
BLACKGOLD NATURAL RESOURCESLTD - SG1AH0000001 - 41H
Change - Announcement of Cessation
Date &Time of Broadcast
Announcement Sub Title
CHANGE - ANNOUNCEMENT OF CESSATION
Submitted By (Co./ Ind. Name)
Executive Director and CEO
Description (Please provide a detailed description of the event in the box below)
This announcement has been reviewed by the Company's sponsor, SAC Capital Private Limited (the "Sponsor"). This announcement has not been examined or approved by the Singapore Exchange Securities Trading Limited ("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 David Yeong (Telephone number: +65 6232 3210), at 1 Robinson Road, #21-00 AIA Tower, Singapore 048542.
Name Of Person
Is effective date of cessation known?
If No, please advise when the date will be announced
Mr Mahadi shall retire at the conclusion of the forthcoming annual general meeting which is targeted to be held by 14 July 2020.
Detailed Reason (s) for cessation
Mr Wahyu Mahadi ("Mr Mahadi") shall retire as an independent director of the Company at the forthcoming annual general meeting ("AGM") for the financial year ended 31 December 2019 in accordance with Article 94 of the Constitution. He has decided not to seek for re-election to focus on his principal work commitments.
The Board of Directors and Management sincerely thank Mr Mahadi for his invaluable contributions and dedication to the Group during his tenure of service.
Based on its enquiries, the Company's sponsor, SAC Capital Private Limited, is satisfied that other than as disclosed in this announcement, there are no other material reasons for the resignation of Mr Mahadi as the independent 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?
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?
Any other relevant information to be provided to shareholders of the listed issuer?
Date of Appointment to current position
Does the AC have a minimum of 3 members (taking into account this cessation)?
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Role and responsibilities
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Shareholding interest in the listed issuer and its subsidiaries?
Past (for the last 5 years)