Change - Announcement of Cessation::Announcement of Cessation of Non-Executive Non-Independent Director

Issuer & Securities

Issuer/ Manager
OVERSEA-CHINESE BANKING CORPORATION LIMITED
Securities
OVERSEA-CHINESE BANKING CORP - SG1S04926220 - O39
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
22-Apr-2016 18:31:52
Status
New
Announcement Sub Title
Announcement of Cessation of Non-Executive Non-Independent Director
Announcement Reference
SG160422OTHRXOB7
Submitted By (Co./ Ind. Name)
Peter Yeoh
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Announcement of Cessation of Non-Executive Non-Independent Director

Additional Details

Name Of Person
Cheong Choong Kong
Age
74
Is effective date of cessation known?
Yes
If yes, please provide the date
22/04/2016
Detailed Reason (s) for cessation
After more than 16 years on the OCBC Board, Dr Cheong has decided to retire and not seek re-appointment at the AGM.
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
01/07/1999
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)
6
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.)
Nil
Role and responsibilities
Non-Executive Non-Independent Director
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Nil
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
Direct interest in (i) 1,526,261 OCBC ordinary shares; (ii) 815,389 options granted under the OCBC Share Option Scheme 2001; and (iii) 10,000 OCBC Capital Corporation (2008) 5.1% non-cumulative non-convertible guaranteed preference shares and Deemed interest in 13,152 OCBC ordinary shares held by spouse.
Past (for the last 5 years)
OCBC Management Services Private Limited
The Overseas Assurance Corporation Limited
Great Eastern Holdings Limited
Present
OCBC Wing Hang Bank Limited