Change - Announcement of Cessation::RESIGNATION OF INDEPENDENT DIRECTOR
Issuer & Securities
HALCYON AGRI CORPORATION LIMITED
HALCYON AGRI CORPORATION LTD - SG2F48989824 - 5VJ
Change - Announcement of Cessation
Date &Time of Broadcast
Announcement Sub Title
RESIGNATION OF INDEPENDENT DIRECTOR
Submitted By (Co./ Ind. Name)
Description (Please provide a detailed description of the event in the box below)
The Company was listed on Catalist of the Singapore Exchange Securities Trading Limited (the "SGX-ST") on 1 February 2013. The initial public offering of the Company was sponsored by PrimePartners Corporate Finance Pte. Ltd. (the "Sponsor").
This announcement has been prepared by the Company and its contents have been reviewed by the Sponsor for compliance with the relevant rules of 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 Mr Mark Liew, Managing Director, Corporate Finance, at 20 Cecil Street, #21-02 Equity Plaza, Singapore 049705, telephone (65) 6229 8088.
Name Of Person
JASON LEWIS BARAKAT-BROWN
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
Mr Barakat-Brown has agreed to join the Company as Head of Strategic Development which will include the Investor Relations function with effect from 1 December 2014.
In line with the Company's policy of maintaining a strong independent element on the Board of Directors of the Company, Mr Barakat-Brown will relinquish his positions as a Director of the Company and as Chairman of the Remuneration Committee and a member of the Audit Committee and Nominating Committee.
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?
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 Remuneration Committee and a member of the Audit Committee and Nominating Committee
Role and responsibilities
Duties of an Independent Director, Chairman of the Remuneration Committee and a member of the Audit Committee and 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?
150,000 ordinary shares in the Company
Past (for the last 5 years)
Director, Candor Advisory Partners Pte. Ltd.
Director, Venta Belgarum Pte. Ltd.