Change - Announcement of Cessation::ANNOUNCEMENT OF CESSATION OF EXECUTIVE DIRECTOR

Issuer & Securities

Issuer/ Manager
DARCO WATER TECHNOLOGIES LIMITED
Securities
DARCO WATER TECHNOLOGIES LTD - SG1M47904586 - 5CB

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
30-May-2014 19:22:48
Status
New
Announcement Sub Title
ANNOUNCEMENT OF CESSATION OF EXECUTIVE DIRECTOR
Announcement Reference
SG140530OTHR8AC6
Submitted By (Co./ Ind. Name)
THYE KIM MENG
Designation
CHAIRMAN, MANAGING DIRECTOR AND CHIEF EXECUTIVE OFFICER
Description (Please provide a detailed description of the event in the box below)
ANNOUNCEMENT OF CESSATION OF EXECUTIVE DIRECTOR

Additional Details

Name Of Person
Teo Sin Yng
Age
32
Is effective date of cessation known?
Yes
If yes, please provide the date
30/05/2014
Detailed Reason (s) for cessation
Ms. Teo Sin Yng who has retired pursuant to Article 106 of the Company's Articles of Association and she had not sought re-election at the Annual General Meeting held on 30 May 2014.
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
04/05/2011
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
3
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Director
Role and responsibilities
Ms. Teo Sin Yng is responsible for standardizing the Group's water treatment and engineering process of Engineered Environmental System (EE System) business segment. She coordinates technical and commercial matters between process, engineering and project management departments.
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
26,000 shares
Past (for the last 5 years)
Nil
Present
Nil