Change - Announcement of Cessation::Cessation of Chief Financial Officer and Joint Company Secretary

Issuer & Securities

Issuer/ Manager
THE TRENDLINES GROUP LTD.
Securities
THE TRENDLINES GROUP LTD. - IL0011328858 - 42T
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
12-Jun-2018 18:01:46
Status
New
Announcement Sub Title
Cessation of Chief Financial Officer and Joint Company Secretary
Announcement Reference
SG180612OTHR7E79
Submitted By (Co./ Ind. Name)
Gwendolin Lee Soo Fern
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)

This announcement has been prepared by The Trendlines Group Ltd. (the "Company") and its contents have been reviewed by PrimePartners Corporate Finance Pte. Ltd. (the "Sponsor") for compliance with the Singapore Exchange Securities Trading Limited (the "SGX-ST") Listing Manual Section B: Rules of Catalist. The Sponsor has not verified the contents of this press release.

This announcement has not been examined or approved by the SGX-ST. The Sponsor and the SGX-ST assume no responsibility for the contents of this announcement, including the accuracy, completeness or correctness of any of the information, statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Ms. Jennifer Tan, Senior Manager, Continuing Sponsorship (Mailing Address: 16 Collyer Quay, #10-00 Income at Raffles, Singapore 049318 and E-mail: sponsorship@ppcf.com.sg).

Additional Details

Name Of Person
Gabriela (Gabi) Heller
Age
53
Is effective date of cessation known?
Yes
If yes, please provide the date
30/06/2018
Detailed Reason (s) for cessation

To pursue other business interests and career opportunities after 8 years as the Company's Chief Financial Officer ("CFO").

Based on its enquiries, 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 resignation of Ms Gabriela (Gabi) Heller as the CFO of the Company.

In addition, there are no concerns with regards to financial reporting that led to the departure of the Company's CFO and there are no disagreements between the CFO and the Board of Directors of the Company with regards to practices that will have an impact to the Company's financial reporting.

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?
Yes
If Yes, Please provide full details
Ms Gabriela (Gabi) Heller will stay in the Company until 10 October, 2018, to facilitate the smooth handing over of the position, and ensure orderly transition.

The Group has appointed Mr Haim Brosh as the Interim CFO of the Group and he will be taking over the responsibilities of Ms Gabriela (Gabi) Heller before a permanent replacement for the CFO is identified.
Date of Appointment to current position
04/07/2010
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.)
Chief Financial Officer (Appointed: 4 July 2010) and Joint Company Secretary (Appointed: 10 November 2017) of The Trendlines Group Ltd.
Role and responsibilities
Responsible for finance, reporting, taxation, investor relations and some legal matters. As the Company's Joint Company Secretary, Ms Gabriela (Gabi) Heller is also responsible for the Company's compliance with applicable Israeli rules and regulations.
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)
Kerur Holdings Ltd.
Kolchey Misgav Ltd.
Present
Ashtrom Ltd.
Elco Ltd.
Camtek Ltd.