Change - Announcement of Cessation::Retirement of Independent Director

Issuer & Securities

Issuer/ Manager
SHANAYA LIMITED
Securities
SHANAYA LIMITED - SGXE61364597 - SES
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
11-Apr-2024 17:49:44
Status
New
Announcement Sub Title
Retirement of Independent Director
Announcement Reference
SG240411OTHRJ3PB
Submitted By (Co./ Ind. Name)
Mohamed Gani Mohamed Ansari
Designation
Executive Director and Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Retirement of Independent Director

This announcement has been reviewed by the Company's sponsor, PrimePartners Corporate Finance Pte. Ltd. (the "Sponsor"). It has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "Exchange") and the Exchange assumes no responsibility for the contents of this document, including the correctness of any of the statements or opinions made or reports contained in this document.

The contact person for the Sponsor is Mr. Shervyn Essex, 16 Collyer Quay, #10-00 Collyer Quay Centre, Singapore 049318, sponsorship@ppcf.com.sg.

Additional Details

Name Of Person
Tito Shane Isaac
Age
53
Is effective date of cessation known?
Yes
If yes, please provide the date
26/04/2024
Detailed Reason (s) for cessation
Mr Tito Shane Isaac ("Mr Isaac") will be retiring as an Independent Director of the Company at the conclusion of the Annual General Meeting to be held on 26 April 2024 as his tenure as independent director has exceeded the 9-year limit set under Catalist Rule 406(3)(d)(iv).

Following Mr Isaac's retirement, he will cease to be Chairman of the Nominating Committee and Member of the Audit Committee and Remuneration Committee.

After having interviewed Mr Isaac and to the best of its knowledge, the Company's Sponsor, PrimePartners Corporate Finance Pte. Ltd., is satisfied that save as disclosed in this announcement, there are no material reasons for the cessation for Mr Isaac.
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
30/08/2006
Does the AC have a minimum of 3 members (taking into account this cessation)?
No
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
1
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Director, NC Chairman, AC Member and RC Member.
Role and responsibilities
Independent Director, NC Chairman, AC Member and RC Member.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
No
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
Nope
Present
(1) New Wave Holdings Ltd.
(2) Hiap Tong Corporation Ltd.
(3) International Institute of Mediators (Singapore) Limited
(4) Agrilever Pte Ltd