Change - Announcement of Cessation::Announcement of Cessation - Non-Executive Director

Issuer & Securities

Issuer/ Manager
PROCURRI CORPORATION LIMITED
Securities
PROCURRI CORPORATION LIMITED - SG1DA4000006 - BVQ
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
30-Apr-2018 20:50:31
Status
New
Announcement Sub Title
Announcement of Cessation - Non-Executive Director
Announcement Reference
SG180430OTHRW2H4
Submitted By (Co./ Ind. Name)
Thomas Sean Murphy
Designation
Executive Chairman and Global Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
DBS Bank Ltd. was the issue manager and underwriter (the "Issue Manager and Underwriter") for the initial public offering of shares in, and listing of, Procurri Corporation Limited on the Main Board of Singapore Exchange Securities Trading Limited. The Issue Manager and Underwriter assumes no responsibility for the contents of this announcement.

Additional Details

Name Of Person
Lim Swee Yong
Age
38
Is effective date of cessation known?
Yes
If yes, please provide the date
30/04/2018
Detailed Reason (s) for cessation
Mr. Lim Swee Yong ("Mr. Lim") was due to retire by rotation pursuant to the Company's Constitution at the Annual General Meeting on 30 April 2018 ("AGM") and did not seek re-election. He retired as a Non-Executive Director of the Company at the conclusion of the AGM and concurrently ceased to be member of the Audit, 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
27/06/2016
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.)
Non-Executive Director, Member of the Audit Committee, Member of the Remuneration Committee, Member of the Nominating Committee
Role and responsibilities
Non-Executive Director, Member of the Audit Committee, Member of the Remuneration Committee, Member of the Nominating Committee
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
110,100 ordinary shares
Past (for the last 5 years)
Asia Wiring Systems Pte Ltd
Present
DeClout Ventures Pte. Ltd.
vCargo Cloud Pte. Ltd.