Change - Announcement of Cessation::Retirement of Independent Director, Mr Kee Teck Koon

Issuer & Securities

Issuer/ Manager
RAFFLES MEDICAL GROUP LTD
Securities
RAFFLES MEDICAL GROUP LTD - SG1CH4000003 - BSL
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
01-Dec-2021 19:00:16
Status
New
Announcement Sub Title
Retirement of Independent Director, Mr Kee Teck Koon
Announcement Reference
SG211201OTHRSAJR
Submitted By (Co./ Ind. Name)
Kimmy Goh
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Retirement of Mr Kee Teck Koon as a Non-Executive Independent Director.

Additional Details

Name Of Person
Mr Kee Teck Koon
Age
65
Is effective date of cessation known?
Yes
If yes, please provide the date
31/12/2021
Detailed Reason (s) for cessation
As part of the Board rejuvenation process and good corporate governance practice, Mr Kee Teck Koon will retire from the Board on 31 December 2021. Mr Kee has served on the Board for more than 9 years and was also the Chairman of the Audit & Risk Committee during his tenure of service.

The Board of Directors and the Company would like to record our appreciation to Mr Kee for his invaluable contributions and guidance during his tenure 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
03/01/2012
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)
7
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
2
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Executive and Independent Director
Role and responsibilities
Non-Executive and Independent Director
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
1. Direct Interest - 329,588 Raffles Medical Group Ltd Ordinary Shares

2. Date of Grant - 3 April 2017
Options to subscribe for Ordinary Shares in Raffles Medical Group Ltd - 75,000
Option price per share - S$1.42

3. Date of Grant - 3 September 2018
Options to subscribe for Ordinary Shares in Raffles Medical Group Ltd - 100,000
Option price per share - S$1.09

4. Date of Grant - 1 July 2019
Options to subscribe for Ordinary Shares in Raffles Medical Group Ltd - 150,000
Option price per share - S$1.04

5. Date of Grant - 5 October 2020
Options to subscribe for Ordinary Shares in Raffles Medical Group Ltd - 250,000
Option price per share - S$0.81

6. Date of Grant - 1 September 2021
Options to subscribe for Ordinary Shares in Raffles Medical Group Ltd - 200,000
Option price per share - S$1.40
Past (for the last 5 years)
1. CapitaLand Limited (Director)
2. Lien Foundation (Director)
3. Fullerton Fund Management Company Ltd (Director)
4. FFMC Holdings Pte. Ltd. (Director)
5. Changi Airports International Pte. Ltd. (Director)
6. CapitaLand Pte. Ltd. (Director)
Present
1. Raffles Medical Group Ltd (Director)
2. NTUC Enterprise Co-operative Limited (Director and Board Adviser)
3. NTUC Income Insurance Co-operative Limited (Director and Deputy Chairman)
4. Mandai Park Holdings Pte. Ltd. (Director)
5. NTUC Fairprice Co-operative Limited (Director)
6. Changi Airport Group (Singapore) Pte. Ltd. (Director)
7. CapitaLand Investment Limited (CLI) (Director)
8. SC Bank Solutions (Singapore) Limited (Director)
9. Trust Bank Singapore Limited (Director)