Change - Announcement of Cessation::Retirement of Executive Director

Issuer & Securities

Issuer/ Manager
FRENCKEN GROUP LIMITED
Securities
FRENCKEN GROUP LIMITED - SG1R43925234 - E28
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
12-Apr-2016 18:25:08
Status
New
Announcement Sub Title
Retirement of Executive Director
Announcement Reference
SG160412OTHRYW2Y
Submitted By (Co./ Ind. Name)
Sim Mong Huat
Designation
Executive Director
Description (Please provide a detailed description of the event in the box below)
Retirement of Executive Director

Additional Details

Name Of Person
Hendrik Gezinus Tappel
Age
55
Is effective date of cessation known?
Yes
If yes, please provide the date
28/04/2016
Detailed Reason (s) for cessation
Mr Hendrik Gezinus Tappel is retiring under Article 89 of the Company's Constitution and has decided not to offer himself for re-election as a Director at the Annual General Meeting to be held on 28 April 2016. However, Mr Tappel will continue to serve as an Executive Director with Frencken Europe B.V., a wholly-owned subsidiary 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
31/12/2009
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)
3
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Director
Role and responsibilities
Responsible for the day-to-day management and operations of the Group's Europe Mechatronics Division.
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
Deemed interest in 67,000 ordinary shares in Frencken Group Limited.
Past (for the last 5 years)
Nil
Present
Frencken Europe B.V.