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

Issuer & Securities

Issuer/ Manager
THE STRAITS TRADING COMPANY LIMITED
Securities
STRAITS TRADING CO. LTD - SG1J49001550 - S20
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
19-Nov-2014 18:13:23
Status
New
Announcement Sub Title
Resignation of Independent and Non-Executive Director
Announcement Reference
SG141119OTHRNSSX
Submitted By (Co./ Ind. Name)
Aldric Tan Jee Wei
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Mr Gautam Banerjee will be resigning as Independent and Non-Executive Director, Lead Independent Director, Audit Committee Chairman and Member and Nominating Committee Member with effect from 31 December 2014.

Additional Details

Name Of Person
Gautam Banerjee
Age
60
Is effective date of cessation known?
Yes
If yes, please provide the date
31/12/2014
Detailed Reason (s) for cessation
Due to his increased workload from a change in his role in the Blackstone Group, Mr Gautam Banerjee has decided that he will resign as an Independent and Non-Executive Director of 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
02/01/2013
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
2
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent and Non-Executive Director, Lead Independent Director, Audit Committee Chairman and Member and Nominating Committee Member.
Role and responsibilities
Independent and Non-Executive Director, Lead Independent Director, Audit Committee Chairman and Member and Nominating Committee Member.
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?
No
Past (for the last 5 years)
National Heritage Board
Singapore International Foundation
Singapore Manufacturers Federation
Shared Services For Charities Limited
Singapore Arts School Ltd
Present
Economic Development Board
EDB Investments Pte Ltd
Singapore Airlines Limited
Piramal Enterprises Limited
The Indian Hotels Company Limited
Nanyang Business School
Indian Heritage Centre
Singapore Indian Development Association
Singapore Business Federation
Yale-NUS College
Blackstone Singapore Pte Ltd
GIC Private Limited
Singapore Business Advisors & Consultants Council
Singapore International Arbitration Centre
Singapore Institute of International Affairs
Singapore Legal Service Commission
The Stephen A. Schwarzman Scholars Trust
The Friends of the University of Warwick in Singapore
The Blackstone Group (Australia) Pty Limited
The Blackstone Group (HK) Limited
Blackstone Advisors India Private Limited