Change - Announcement of Cessation::Cessation of Group Chief Financial Officer

Issuer & Securities

Issuer/ Manager
DECLOUT LIMITED
Securities
DECLOUT LIMITED - SG2F27986197 - 5UZ
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
24-Dec-2015 15:58:06
Status
New
Announcement Sub Title
Cessation of Group Chief Financial Officer
Announcement Reference
SG151224OTHR5ZRL
Submitted By (Co./ Ind. Name)
Wong Kok Khun
Designation
Chairman and Group Chief Executive Officer
Effective Date and Time of the event
24/12/2015 15:00:00
Description (Please provide a detailed description of the event in the box below)
Announcement of Cessation of Group Chief Financial Officer

The Company's sponsor, Canaccord Genuity Singapore Pte. Ltd. (the "Sponsor"), after having interviewed Ms Cecilia Tong Chiu Fai ("Ms Tong"), is satisfied that other than as disclosed in this announcement, there are no material reasons for the resignation of Ms Tong.

In the interim, Mr Darren Yeo, the Group's Financial Controller, together with the finance team will take over Ms Tong's duties to ensure continued smooth functioning of the Group subsequent to Ms Tong's cessation.

This announcement has been prepared by the Company and its contents have been reviewed by the Sponsor for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (the "SGX-ST"). The Sponsor has not independently verified the contents of this announcement.

This announcement has not been examined or approved by the 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 Ms. Alice Ng, Director and Head of Continuing Sponsorship, Canaccord Genuity Singapore Pte. Ltd., at 77 Robinson Road #21-02 Singapore 068896, telephone (65) 6854-6160.

Additional Details

Name Of Person
Cecilia Tong Chiu Fai
Age
47
Is effective date of cessation known?
Yes
If yes, please provide the date
24/12/2015
Detailed Reason (s) for cessation
To pursue other career opportunities.
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
21/05/2014
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)
3
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.)
Group Chief Financial Officer
Role and responsibilities
Oversees the Group's financial affairs, including corporate finance, treasury and statutory compliance.
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)
1. Informatics International Pte Ltd
2. Informatics Global Campus Pte Ltd
3. PurpleTrain.com Pte Ltd
4. NCC Education Limited
5. Informatics Education UK Ltd
6. Informatics Investments Limited
7. Informatics Group (Europe) Limited
8. Informatics Education (HK) Ltd
9. Singapore Informatics Computer Institute (Pvt) Ltd
10. Procurri Corporation Pte. Ltd. *
11. Netipay Pte. Ltd. *
12. Corous360 Pte. Ltd. *
13. Beaqon Pte. Ltd. *
14. Pacific Wave Pte. Ltd. *
15. Asia Wiring Systems Pte Ltd*
16. Procurri Singapore Pte. Ltd. *
17. Procurri Asia Pacific Pte. Ltd. *
18. Tinglobal Holdings Limited*
19. Asvida UK Limited*
20. Acclivis Technologies and Solutions Pte. Ltd. *

* Ms Tong has also resigned as director from the Group's relevant subsidiaries with effect from 24 December 2015.
Present
1. First Commercial Pte Ltd