Change - Announcement of Cessation::Announcement of Resignation of an Independent Director

Issuer & Securities

Issuer/ Manager
RESOURCES PRIMA GROUP LIMITED
Securities
RESOURCES PRIMA GROUP LIMITED - SG1W50939246 - 5MM
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
27-Jan-2016 20:15:54
Status
New
Announcement Sub Title
Announcement of Resignation of an Independent Director
Announcement Reference
SG160127OTHRI44I
Submitted By (Co./ Ind. Name)
Agus Sugiono
Designation
Executive Chairman and CEO
Description (Please provide a detailed description of the event in the box below)
This announcement has been prepared by Resources Prima Group Limited (the ''Company'') and its contents have been reviewed by the Company's sponsor (''Sponsor''), Canaccord Genuity Singapore Pte. Ltd., for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (''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 Goh Mei Xian, Deputy 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
Mihir Taparia
Age
61
Is effective date of cessation known?
Yes
If yes, please provide the date
27/01/2016
Detailed Reason (s) for cessation
Mr Mihir Taparia has tendered his resignation as Independent Director of the Company as he expects to advise the Group on its future corporate development activities as well as its coal marketing & trading initiatives, which may be perceived to conflict with his independence.

The Sponsor, after having interviewed Mr Mihir Taparia, is satisfied that, save as disclosed in this announcement, there are no other material reasons for the resignation of Mr Mihir Taparia as an Independent Director 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
12/11/2014
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)
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, Chairman of the Remuneration Committee and member of the Audit and Risk Management and Nominating Committees
Role and responsibilities
Duties as an Independent Director, Chairman of the Remuneration Committee, member of the Audit and Risk Management and Nominating Committees
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)
Java Energy Group Pte Ltd
Petroina Holdings Pte Ltd
Petroina Shipping Pte Ltd
Present
Java Energy Resources (Pte) Limited
Java Energy Elpiji Pte Ltd
Petroina Pte Ltd
Petroina Trading Pte Ltd