Change - Announcement of Cessation::Cessation of Non-Independent Non-Executive Director - Mr Loke Wai San

Issuer & Securities

Issuer/ Manager
PROCURRI CORPORATION LIMITED
Securities
PROCURRI CORPORATION LIMITED - SG1DA4000006 - BVQ
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
16-Jun-2022 06:22:53
Status
New
Announcement Sub Title
Cessation of Non-Independent Non-Executive Director - Mr Loke Wai San
Announcement Reference
SG220616OTHRZ49K
Submitted By (Co./ Ind. Name)
Thomas Sean Murphy
Designation
Executive Director
Description (Please provide a detailed description of the event in the box below)
The Board of Directors wishes to announce the resignation of Mr. Loke Wai San as Non-Independent Non- Executive Director of the Company with effect from 15 June 2022.

Additional Details

Name Of Person
Loke Wai San
Age
54
Is effective date of cessation known?
Yes
If yes, please provide the date
15/06/2022
Detailed Reason (s) for cessation
Novo Tellus PE Fund 2, L.P. ("NT") has tendered 100% of its shares in acceptance of the Mandatory General Offer ("MGO") underway for Procurri.

Accordingly, NT is no longer a shareholder of Procurri and as such, is resigning its nominated Director to facilitate appropriate shareholder representation and governance for 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
29/04/2019
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)
3
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-Independent Non-Executive Director, Member of Audit, Nominating, Remuneration and Strategy Committees
Role and responsibilities
Non-Independent Non-Executive 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?
No
Past (for the last 5 years)
Accellion Inc.
Luxim Corporation Inc.
Luma International Holdings Pte Ltd
The Novo Tellus Group
Novoflex Pte. Ltd.
Smartflex Innovation Pte. Ltd.
Smartflex Innovation Pte. Ltd.
Enterprise Singapore
Present
AEM Holdings Ltd.
Sunningdale Tech Ltd
Grand Venture Technology Limited
Novo Tellus Capital Partners Pte. Ltd.
Sunrise Technology Investment Holding (Cayman) Pte. Ltd.
Sunrise Technology Investment Holding Pte. Ltd.
Integrated Circuits Pte Ltd
Novo Tellus Alpha Acquisition