Change - Announcement of Cessation::Resignation of Executive Director

Issuer & Securities

Issuer/ Manager
ROXY-PACIFIC HOLDINGS LIMITED
Securities
ROXY-PACIFIC HOLDINGS LIMITED - SG1W66939735 - E8Z
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
23-Dec-2016 19:10:58
Status
New
Announcement Sub Title
Resignation of Executive Director
Announcement Reference
SG161223OTHRGUQU
Submitted By (Co./ Ind. Name)
Koh Seng Geok
Designation
Executive Director and Company Secretary
Description (Please provide a detailed description of the event in the box below)
Resignation of Executive Director.

Additional Details

Name Of Person
Teo Hong Wee
Age
53
Is effective date of cessation known?
Yes
If yes, please provide the date
01/01/2017
Detailed Reason (s) for cessation
Allow Mr Teo Hong Wee more time to focus on his family and personal pursuits. The Board will comprise of 50% of independent directors arising from the cessation of Mr Teo Hong Wee as director.
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
14/11/1991
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.)
Executive Director
Role and responsibilities
Heads the Property Development arm and oversees the progress of all development projects of the Group.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Sibling of Mr Teo Hong Lim and Mr Teo Hong Yeow Chris.
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
Direct interest of 7,313,750 ordinary shares in Roxy-Pacific Holdings Limited ("RPH") and deemed interest of 28,168,750 ordinary shares in RPH held by spouse and a nominee.
Past (for the last 5 years)
Nil
Present
Roxy-Pacific Holdings Limited and its Singapore and Australia subsidiaries
Kian Lam Investment Pte Ltd
Roxy Investments Pte Ltd
Roxy Park Hotel Pte Ltd
Sen Lee Development Private Limited
Feature-Roxy Pty Ltd
Macly Equity Sdn. Bhd.
Mequity Assets Sdn. Bhd.
North Fremantle JV Pty Ltd
Peel Street JV Pty Ltd
Lutheran Community Care Services
TKL Investments Limited
KL Investments Pte. Ltd.