Change - Announcement of Cessation::Resignation of Independent Director
Issuer & Securities
RESOURCES PRIMA GROUP LIMITED
RESOURCES PRIMA GROUP LIMITED - SG1W50939246 - 5MM
Change - Announcement of Cessation
Date &Time of Broadcast
Announcement Sub Title
Resignation of Independent Director
Submitted By (Co./ Ind. Name)
Executive Chairman and CEO
Description (Please provide a detailed description of the event in the box below)
This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, SAC Capital Private Limited (the "Sponsor"), for compliance with the relevant rules of the Singapore Exchange Securities Trading, Limited (the "SGX-ST"). The Sponsor has not independently verified the contents of this announcement.
This announcement has not been examined or approved by the SGX-ST and the SGX-ST assumes no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made, or reports contained in this announcement.
The contact person for the Sponsor is Ms Tay Sim Yee, at 1 Robinson Road, #21-02 AIA Tower, Singapore 048542, telephone (65) 6532 3829.
Name Of Person
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
Mr Giang Sovann has resigned to pursue other business interests and opportunities.
SAC Capital Private Limited after having interviewed Mr Giang Sovann is satisfied that other than as disclosed in this announcement, there are no other material reasons for his resignation.
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?
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?
If Yes, Please provide full details
Following the resignation of Mr Giang Sovann as an Independent Director, he shall cease to be Chairman of the Audit and Risk Management and Remuneration Committees and member of the Nominating Committee. The Audit and Risk Management Committee will be unable to meet the minimum requirement under Catalist Rule 704(7) and will endeavour to fill the position within 2 months. An announcement in relation to the re-constitution of the Board Committees will follow in due course.
Any other relevant information to be provided to shareholders of the listed issuer?
Date of Appointment to current position
Does the AC have a minimum of 3 members (taking into account this cessation)?
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Director, Chairman of the Audit and Risk Management and Remuneration Committees and
member of the Nominating Committee.
Role and responsibilities
Duties as an Independent Director, Chairman of the Audit and Risk Management and Remuneration Committees and member of the Nominating Committee
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?
Past (for the last 5 years)
SBI Offshore Limited
Epicentre Holdings Limited
Infinio Group Limited