Change - Announcement of Cessation::Cessation of Directorship - Mr Osith Ramanathan

Issuer & Securities

Issuer/ Manager
JASPER INVESTMENTS LIMITED
Securities
JASPER INVESTMENTS LIMITED - SG1W79939920 - FQ7
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
30-Oct-2024 23:51:13
Status
New
Announcement Sub Title
Cessation of Directorship - Mr Osith Ramanathan
Announcement Reference
SG241030OTHR8K8P
Submitted By (Co./ Ind. Name)
Ng Joo Khin
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)

Mr. Osith Ramanathan has retired from his appointment as a Non-Executive Independent Director following the conclusion of the Annual General Meeting of the Company held on 30 October 2024.

The Company has started the search for a suitable and qualified replacement to take the place of Mr. Osith Ramanathan and is in the process of considering a few potential candidates identified.

Additional Details

Name Of Person
Osith Ramanathan
Age
61
Is effective date of cessation known?
Yes
If yes, please provide the date
30/10/2024
Detailed Reason (s) for cessation
Mr. Osith Ramanathan has retired from his appointment as a Non-Executive Independent Director following the conclusion of the Annual General Meeting of the Company held on 30 October 2024 as he has not put himself up for re-election.
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
02/07/2022
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
6
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Non-Executive Director
Chairman, Audit Committee
Member, Nominating Committee
Member, Remuneration Committee
Role and responsibilities
Mr. Osith Ramanathan leads the Nominating Committee on top of his role as a member of the Audit Committee and Remuneration Committee.
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
As announced, Mr. Osith Ramanathan has subscribed for 166,666,667 ordinary shares and is entitled to be issued and allotted 46,837,945 shares (arising from a conversion of fees due to him as a Director). The issue of the aforesaid shares has been approved by the Shareholders and is pending completion.
Past (for the last 5 years)
Nil
Present
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