Change - Announcement of Cessation::CESSATION OF EXECUTIVE DIRECTOR

Issuer & Securities

Issuer/ Manager
INFINIO GROUP LIMITED
Securities
INFINIO GROUP LIMITED - SG2G63000001 - 5G4

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
28-Mar-2014 20:20:24
Status
New
Announcement Sub Title
CESSATION OF EXECUTIVE DIRECTOR
Announcement Reference
SG140328OTHRY19M
Submitted By (Co./ Ind. Name)
WONG KUAN KIT KEITH
Designation
DIRECTOR
Effective Date and Time of the event
31/03/2014 17:00:00
Description (Please provide a detailed description of the event in the box below)
CESSATION OF EXECUTIVE DIRECTOR

Additional Details

Name Of Person
Raymond Ho D'Orville
Age
78
Is effective date of cessation known?
Yes
If yes, please provide the date
31/03/2014
Detailed Reason (s) for cessation
Mr. Raymond Ho D'Orville has decided to step down as part of the re-organisation of the Board's composition so as to better align with the group's restructuring plans. This involves, inter alia, the Group's new focus on mining-related businesses. Further updates of these plans will be made by the Group in due course.
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
04/12/2012
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)
2
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Director
Role and responsibilities
Acted as Executive Director of the Company. Reporting to the Board of Directors of the Company, he was in charge of execution of operations of the Group and subsidiary levels, identifying new business opportunities for corporate business development and undertaking responsibilities as may be instructed by the Board of Directors from time to time.
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?
No
Past (for the last 5 years)
Widget Exchange Pte Ltd
Present
Roomwise Holdings Pte Ltd