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

Issuer & Securities

Issuer/ Manager
MMP RESOURCES LIMITED
Securities
MMP RESOURCES LIMITED - SG1W93940508 - F3V
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
29-Apr-2019 17:44:32
Status
New
Announcement Sub Title
Retirement of Non-Executive Independent Director
Announcement Reference
SG190429OTHRCP33
Submitted By (Co./ Ind. Name)
Chong Chee Meng Gerard
Designation
Lead Independent Director
Description (Please provide a detailed description of the event in the box below)
Retirement of Mr Toshinori Tanabe as a Non-Executive Independent Director of the Company.

Pursuant to Section 201B of the Companies Act (Cap. 50) of Singapore and Rule 704(8) of the Listing Manual of Singapore Exchange Securities Trading Limited, the Audit Committee of the Company should comprise at least three (3) Directors.

Following the retirement of Mr Toshinori Tanabe as Director of the Company, the number of the members of Audit Committee of the Company will fall below the minimum number of three (3). As such, the Company will endeavour to fill the vacancy in the Audit Committee within two (2) months, but in any case not later than three (3) months.

Additional Details

Name Of Person
Toshinori Tanabe
Age
69
Is effective date of cessation known?
Yes
If yes, please provide the date
29/04/2019
Detailed Reason (s) for cessation
Retirement as Non-Executive Independent Director of the Company.
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
22/09/2016
Does the AC have a minimum of 3 members (taking into account this cessation)?
No
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
2
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Executive Independent Director, Member of Audit Committee, Nominating Committee and Remuneration Committee
Role and responsibilities
Non-Executive Independent Director
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