Change - Announcement of Cessation::RESIGNATION / CESSATION OF DIRECTOR

Issuer & Securities

Issuer/ Manager
ANNICA HOLDINGS LIMITED
Securities
ANNICA HOLDINGS LIMITED - SG1J70891671 - 5AL
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
24-May-2019 08:33:31
Status
New
Announcement Sub Title
RESIGNATION / CESSATION OF DIRECTOR
Announcement Reference
SG190524OTHRKOYP
Submitted By (Co./ Ind. Name)
ALLAN P TAN
Designation
Company Secretary
Effective Date and Time of the event
24/05/2019 08:30:00
Description (Please provide a detailed description of the event in the box below)
Resignation and Cessation of Director.

Additional Details

Name Of Person
Ong Su Aun Jeffrey
Age
42
Is effective date of cessation known?
Yes
If yes, please provide the date
20/05/2019
Detailed Reason (s) for cessation
In an email sent by Mr. Ong Su Aun Jeffrey to the Company, he cited personal reasons for his immediate resignation. Neither the Company nor its Continuing Sponsors have been able to reach Mr. Ong who is uncontactable.
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?
Yes
If Yes, Please provide full details
The Company was not aware of the matters reported in the press until 24 May 2019, the same day the matter was reported by the press.
Any other relevant information to be provided to shareholders of the listed issuer?
Yes
If Yes, Please provide full details
As announced on 22 May 2019, Mr. Ong's sudden resignation will not affect the operations of the Company and its subsidiaries. Mr. Adnan Bin Mansor will assume the role of a non-executive chairman of the Board.
Date of Appointment to current position
09/07/2008
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
1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
independent, non-executive director and acting non-executive chairman of the Company. Chairman of the remuneration committee.
Role and responsibilities
Independent non-executive acting chairman of the Company. Leads the Board in business strategy and discussions.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
None
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
81,946,488 shares awarded under the Annica Share Performance Plan
Past (for the last 5 years)
None
Present
CW Group Holdings Limited

Attachments

Change - Announcement of Cessation__Cessation as Independent Director.pdf
Total size =186K