Change - Announcement of Cessation::Change - Cessation of a Director - Mr. Yehezkel Pinhas Blum

Issuer & Securities

Issuer/ Manager
SARINE TECHNOLOGIES LTD.
Securities
SARINE TECHNOLOGIES LTD - IL0010927254 - U77
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
25-Jun-2020 19:52:12
Status
New
Announcement Sub Title
Change - Cessation of a Director - Mr. Yehezkel Pinhas Blum
Announcement Reference
SG200625OTHRDE5G
Submitted By (Co./ Ind. Name)
Amir J. Zolty
Designation
Company Secretary
Effective Date and Time of the event
25/06/2020 18:00:00
Description (Please provide a detailed description of the event in the box below)
Cessation of a Director: Mr. Yehezkel Pinhas Blum

Additional Details

Name Of Person
Yehezkel Pinhas Blum
Age
67
Is effective date of cessation known?
Yes
If yes, please provide the date
25/06/2020
Detailed Reason (s) for cessation
Mr. Blum was elected for a three year term in 2017 and was not put for re-election in the Company's 2020 AGM.
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
08/03/2005
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)
2
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
6
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chairperson of the Remuneration Committee. Member of the Audit Committee and of the Nominating Committee
Role and responsibilities
See above
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?
No
Past (for the last 5 years)
None
Present
None