Change - Announcement of Cessation::Cessation as Executive Director of QT Vascular Ltd.

Issuer & Securities

Issuer/ Manager
QT VASCULAR LTD.
Securities
QT VASCULAR LTD. - SG2G82000008 - 5I0
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
14-Jan-2022 00:22:15
Status
New
Announcement Sub Title
Cessation as Executive Director of QT Vascular Ltd.
Announcement Reference
SG220114OTHR632Z
Submitted By (Co./ Ind. Name)
Sho Kian Hin
Designation
Director
Description (Please provide a detailed description of the event in the box below)
Announcement on the cessation of Momi Mimon Brosh as Executive Director of QT Vascular Ltd.

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 Ms Lim Hui Ling, 16 Collyer Quay, #10-00 Income at Raffles, Singapore 049318, sponsorship@ppcf.com.sg.

Additional Details

Name Of Person
Momi Mimon Brosh
Age
54
Is effective date of cessation known?
Yes
If yes, please provide the date
13/01/2022
Detailed Reason (s) for cessation
Mr Momi Mimon Brosh had informed the Company of his intention to resign as the Company's Executive Director to facilitate the reconstitution of the Board following the completion of the Proposed Subscription and Acquisition (details as announced on 13 January 2022), and the Company has accepted his resignation on 13 January 2022. Following this cessation, Momi remains the Chief Executive Officer of TriReme Medical, LLC and continues to manage the existing business of the Company.

After having interviewed Mr Momi Mimon Brosh and to the best of its knowledge, the Company's Sponsor, PrimePartners Corporate Finance Pte. Ltd., is satisfied that save as disclosed in this announcement, there are no other material reasons for the cessation of Mr Momi Mimon Brosh as the Company's Executive Director.
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
01/11/2021
Does the AC have a minimum of 3 members (taking into account this cessation)?
No
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
2
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
4
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Director
Member of the Nominating Committee
Role and responsibilities
Mr Momi Mimon Brosh is responsible for the United States operations of the Group.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
-
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
18,005,412 Ordinary Shares
Past (for the last 5 years)
MDIE Pte. Ltd.
Present
Nil