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

Issuer & Securities

Issuer/ Manager
ABR HOLDINGS LIMITED
Securities
ABR HOLDINGS LIMITED - SG0533000253 - 533
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
11-Apr-2024 00:26:59
Status
New
Announcement Sub Title
Resignation of Independent and Non-Executive Director
Announcement Reference
SG240411OTHRYKIK
Submitted By (Co./ Ind. Name)
Ang Lian Seng
Designation
Executive Director
Description (Please provide a detailed description of the event in the box below)
Resignation of Independent and Non-Executive Director

Additional Details

Name Of Person
Lim Jen Howe
Age
71
Is effective date of cessation known?
Yes
If yes, please provide the date
29/04/2024
Detailed Reason (s) for cessation
Mr Lim Jen Howe ("Mr Lim") has served as Independent Director of the Company beyond 9 years from the date of his first appointment. In compliance with the Listing Rule 210(5)(d)(iv) and to facilitate board renewal, Mr Lim will be stepping down as Independent Director of the Company after the conclusion of the Annual General Meeting to be held on 29 April 2024 and after the appointment of new independent directors.

Following Mr Lim's resignation, he will relinquish his position as Chairman of the Audit Committee and a member of the Remuneration and Nominating Committees.
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
21/08/2003
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
0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent and Non-Executive Director, Chairman of the Audit Committee and a member of the Nominating and Remuneration Committees.
Role and responsibilities
Independent and Non-Executive Director, Chairman of the Audit Committee and a member of the Nominating and Remuneration Committees.
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: 300,000 Ordinary Shares
Past (for the last 5 years)
- The Anglo-Chinese School Foundation Limited
- Anglo-Chinese School Board of Governors
- Thong & Lim Consultants Private Limited
- Partner, Thong & Lim, Chartered Accountants of Singapore
- TalkMed Group Limited
Present
- ABR Holdings Limited
- Period Properties Pte Ltd
- Arbour Fine Art Pte Ltd
- T&L Support Services Pte. Ltd.
- Caregivers Alliance Limited
- SPCI-HELM Group Holdings Pte Ltd
- SPCI-HELM Singapore Pte Ltd
- SPCI-HELM Advance Pte Ltd