Change - Announcement of Cessation::RETIREMENT OF LEAD INDEPENDENT DIRECTOR

Issuer & Securities

Issuer/ Manager
PEC LTD.
Securities
PEC LTD. - SG1Y45946619 - IX2
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
28-Oct-2021 07:50:49
Status
New
Announcement Sub Title
RETIREMENT OF LEAD INDEPENDENT DIRECTOR
Announcement Reference
SG211028OTHRXNF9
Submitted By (Co./ Ind. Name)
ABDUL JABBAR BIN KARAM DIN
Designation
COMPANY SECRETARY
Description (Please provide a detailed description of the event in the box below)
Retirement of Dr Foo Fatt Kah as Lead Independent Director

Additional Details

Name Of Person
Foo Fatt Kah
Age
61
Is effective date of cessation known?
Yes
If yes, please provide the date
27/10/2021
Detailed Reason (s) for cessation
Dr Foo Fatt Kah has withdrawn his consent to seek for re-election as Director of the Company and he retired at the conclusion of the Annual General Meeting of the Company held on 27 October 2021.
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
25/06/2009
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 Lead Independent Director, Chairman of the Remuneration Committee and member of the Audit and Risk Management and Nominating Committees
Role and responsibilities
Non-Executive
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)
Maida Vale Associates Pte Ltd
Anchor Resources Ltd.
Ayondo Ltd.
Ayondo Asia Pte Ltd
Ayondo Holding AG
King Wai Group Pte Ltd
Luminor Capital Australia Pty Ltd
Luminor Fixed Income SPC
Luminor Harbour Fund 1 Pte Ltd
VDH Tower (Ipoh) Sdn Bhd
Present
Luminor Capital Pte Ltd
Higgs 11 Capital VCC
LCPL Partners VCC
Luminor Pacific Fund 1 Ltd (under members' voluntary liquidation)
Luminor Pacific Fund 2 Ltd (under members' voluntary liquidation)
Multiple Lodge Sdn Bhd
Variscan Mines Ltd
Ventures Music Asia Pte Ltd