Change - Announcement of Cessation::Cessation of Executive Director and Deputy Chairman

Issuer & Securities

Issuer/ Manager
W CORPORATION LIMITED
Securities
W CORPORATION LIMITED - BMG4897Y1223 - AFC
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
29-Aug-2014 23:11:43
Status
New
Announcement Sub Title
Cessation of Executive Director and Deputy Chairman
Announcement Reference
SG140829OTHRKFEM
Submitted By (Co./ Ind. Name)
Chong Chee Hoong
Designation
Independent Director
Description (Please provide a detailed description of the event in the box below)
Cessation of Executive Director and Deputy Chairman

Additional Details

Name Of Person
Tan Choon Wee
Age
48
Is effective date of cessation known?
Yes
If yes, please provide the date
29/08/2014
Detailed Reason (s) for cessation
Pursuant to the re-constitution of the composition of the board of directors of the Company with immediate effect upon the completion of the Proposed Exchange.
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
05/12/2012
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.)
Executive Director and Deputy Chairman
Role and responsibilities
Overseeing the finance and administrative functions of the Company.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
NONE
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
(1) Direct Interest of 7.45% comprising 5,152,250 ordinary shares in the share capital of W Corporation Limited. (2) Deemed interest of 5.75% comprising 3,977,851 ordinary shares held by Virago Capital Limited and Advance Opportunities Fund in the share capital of W Corporation Limited.
Past (for the last 5 years)
1.YHM Group Limited
2.Latitude Capital Asset Limited
3.Latitude Capital Asian Growth Fund
4. Latitude Capital Partners Limited
Present
1.Advance Capital Partners Private Limited
2.Advance Capital Partners Limited
3.Advance Opportunities Fund
4.Advance Capital Partners Asset Management Private Limited
5.Delightful Indulgence Pte Ltd
6.Elektromotive Group Limited
7.Energy Capital Partners Ltd
8.FDS Network Ltd
9.Lexicon Capital Holdings Ltd
10.Virago Capital Limited