Change - Announcement of Cessation::Retirement of Independent Director and Chairman of the Audit Committee

Issuer & Securities

Issuer/ Manager
RH PETROGAS LIMITED
Securities
RH PETROGAS LIMITED - SG1H00001443 - T13
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
28-May-2020 18:11:53
Status
New
Announcement Sub Title
Retirement of Independent Director and Chairman of the Audit Committee
Announcement Reference
SG200528OTHR7SLE
Submitted By (Co./ Ind. Name)
Chang Cheng-Hsing Francis
Designation
Group CEO & Executive Director
Description (Please provide a detailed description of the event in the box below)
Retirement of Independent Director, Chairman of the Audit Committee and member of the Nominating and Remuneration Committees

Additional Details

Name Of Person
Abbasbhoy Haider Nakhoda
Age
79
Is effective date of cessation known?
Yes
If yes, please provide the date
28/05/2020
Detailed Reason (s) for cessation
Mr Abbasbhoy Haider Nakhoda has decided not to seek re-election at the Annual General Meeting ("AGM") held by way of electronic means on 28 May 2020 and has retired as an Independent Director at the conclusion of the AGM pursuant to Regulation 106 of the Company's Constitution. Upon his cessation as Independent Director, Mr Abbasbhoy Haider Nakhoda has also ceased to be the Chairman of the Audit Committee and member of the Nominating and Remuneration 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
17/06/1997
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)
3
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 Director, Chairman of the Audit Committee and member of the Nominating and Remuneration Committees
Role and responsibilities
As above
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)
NIL
Present
NIL