Change - Announcement of Cessation::Stepping down of Non-Executive Chairman and Director of the Board

Issuer & Securities

Issuer/ Manager
M1 LIMITED
Securities
M1 LIMITED - SG1U89935555 - B2F
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
26-Sep-2017 17:33:12
Status
New
Announcement Sub Title
Stepping down of Non-Executive Chairman and Director of the Board
Announcement Reference
SG170926OTHRY8JD
Submitted By (Co./ Ind. Name)
Karen Teo
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Stepping down of Mr. Choo Chiau Beng as Non-Executive Chairman, Director and Member of Remuneration Committee of M1 Limited

Additional Details

Name Of Person
Choo Chiau Beng
Age
69
Is effective date of cessation known?
Yes
If yes, please provide the date
01/01/2018
Detailed Reason (s) for cessation
Mr. Choo has expressed his personal wish to step down from the Board, on reaching the age of 70.

He will step down from the Board with effect from 1 January 2018.
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
12/01/2015
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)
6
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
3
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Executive Chairman, Director & Member of Remuneration Committee
Role and responsibilities
Responsibilities as Non-Executive Chairman, Director and Member of Remuneration Committee
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
No
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
300,000 shares
Past (for the last 5 years)
2005 to 2013
Senior Executive Director of Keppel Corporation Limited

2014 to 2015
Senior Advisor to the Board of Keppel Corporation Limited

2011 to 2016
Keppel Care Foundation Limited

2012 to 2016
Kris Energy Ltd

Ending 2013
Asian Lift Pte Ltd, Tianjin Eco-city Keppel New Energy Development Co., Ltd, k1 Ventures Limited,
Keppel Land China Limited, Keppel Capital Pte Ltd, Keppel Capital Holdings Pte Ltd, Keppel Capital One Pte Ltd, Keppel Energy Pte Ltd, Keppel FELS Limited, Keppel Infrastructure Holdings Pte Ltd, Keppel Land Limited, Keppel Offshore & Marine Ltd, Keppel Offshore & Marine Technology Centre Pte Ltd, Keppel Shipyard Limited
Present
M1 Limited
NRF Holdings Pte. Ltd.