Change - Announcement of Cessation::Resignation of Executive Director
Issuer & Securities
RESOURCES PRIMA GROUP LIMITED
RESOURCES PRIMA GROUP LIMITED - SG1W50939246 - 5MM
Change - Announcement of Cessation
Date &Time of Broadcast
Announcement Sub Title
Resignation of Executive Director
Submitted By (Co./ Ind. Name)
Executive Chairman and CEO
Description (Please provide a detailed description of the event in the box below)
This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, SAC Capital Private Limited (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 Tay Sim Yee, at 1 Robinson Road, #21-02 AIA Tower, Singapore 048542, telephone (65) 6532 3829.
Name Of Person
Gabriel Giovani Sugiono
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
Mr Gabriel Giovani Sugiono ("Mr Sugiono") has resigned to pursue alternative full time employment opportunities.
SAC Capital Private Limited after having interviewed Mr Sugiono is satisfied that other than as disclosed in this announcement, there are no other material reasons for his resignation.
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.)
Executive Director (Investor and Stakeholder Relations)
Role and responsibilities
Mr Sugiono is the Executive Director responsible for investor and stakeholder relations. Mr. Sugiono was also responsible for shipping/logistics, trade finance, as well as sales and marketing of the Group. He is also a Director of RPG Trading Pte Ltd and Energy Prima Pte Ltd both fully owned subsidiaries of the Company that have ceased business operations following the bankruptcy of PT Rinjani Kartanegara.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Mr Sugiono is the son of Mr. Agus Sugiono the Executive Chairman of the Board and Chief Executive Officer of the Company.
Shareholding interest in the listed issuer and its subsidiaries?
Mr Sugiono is deemed interested in 742,384,980 shares held by Madrone Enterprises Limited, with him being the ultimate beneficial owner of the shares in Madrone Enterprises limited by virtue of Section 7 of the Companies Act, Chapter 50 of Singapore.
Past (for the last 5 years)