Change - Announcement of Cessation::Resignation of Executive Director and Chief Operating Officer

Issuer & Securities

Issuer/ Manager
TRICKLESTAR LIMITED
Securities
TRICKLESTAR LIMITED - SGXE45760753 - CYW
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
03-Oct-2024 17:26:26
Status
New
Announcement Sub Title
Resignation of Executive Director and Chief Operating Officer
Announcement Reference
SG241003OTHR2OO9
Submitted By (Co./ Ind. Name)
Gunananthan Nithyanantham
Designation
Executive Director and Chief Operating Officer
Description (Please provide a detailed description of the event in the box below)
Resignation of Executive Director and Chief Operating Officer.

This announcement has been reviewed by the Company's sponsor, PrimePartners Corporate Finance Pte. Ltd. (the "Sponsor"). It has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "Exchange") and the Exchange assumes no responsibility for the contents of this document, including the correctness of any of the statements or opinions made or reports contained in this document.

The contact person for the Sponsor is Mr. Shervyn Essex, 16 Collyer Quay, #10-00 Collyer Quay Centre, Singapore 049318, sponsorship@ppcf.com.sg.

Additional Details

Name Of Person
Gunananthan Nithyanantham
Age
56
Is effective date of cessation known?
Yes
If yes, please provide the date
31/12/2024
Detailed Reason (s) for cessation
Mr Gunananthan Nithyanantham ("Mr Guna") has tendered his resignation as the Executive Director and Chief Operating Officer ("COO") of the Company. Mr Guna had taken up this interim role following the cessation of the previous CEO and his assistance for the successful transition of the management team has been completed and accordingly Mr Guna is resigning from his executive duties. Mr Guna is currently serving his 3 months' notice period. Following his resignation, Mr Guna will continue on the Board of the Company as a Non-Executive Non-Independent Director.

After having interviewed Mr Guna and to the best of its knowledge, the Company's Sponsor is satisfied that save as disclosed in this announcement, there are no other material reasons for the cessation of Mr Guna as the Executive Director and COO.
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
01/01/2022
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
2
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Director and Chief Operating Officer
Role and responsibilities
Mr Guna is responsible for overseeing commercial operations, logistics, finance, accounting and secretarial functions of the Company and its subsidiaries.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
No
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
Direct Interest of 8,327,562 shares
Other Directorships
Past (for the last 5 years)
1. TrickleStar Limited (Hong Kong)
2. CircleBright Limited
3. Zernet Limited
4. Zernet (M) Sdn Bhd
5. Ozuno Trading Pty. Ltd
6. Serial Cellars Sdn Bhd
Present
1. TrickleStar Limited (Singapore)
2. Plugload Pte. Ltd.
3. Navigos Corporation Sdn Bhd