Change - Announcement of Cessation::Retirement of Lead Independent Director

Issuer & Securities

Issuer/ Manager
FEDERAL INTERNATIONAL (2000) LTD
Securities
FEDERAL INT(2000) LTD - SG1BF9000004 - BDU
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
19-Jun-2020 17:45:19
Status
New
Announcement Sub Title
Retirement of Lead Independent Director
Announcement Reference
SG200619OTHRRMEE
Submitted By (Co./ Ind. Name)
Noraini Latiff
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Retirement of Independent Director, Lead Independent Director, the Chairman of the Audit Committee and a member of the Nominating Committee and Remuneration Committee of the Company.

Additional Details

Name Of Person
Heng Lee Seng
Age
74
Is effective date of cessation known?
Yes
If yes, please provide the date
19/06/2020
Detailed Reason (s) for cessation
Mr. Heng Lee Seng has decided not to seek re-election at the Annual General Meeting ("AGM") held by way of electronic means on 19 June 2020 and has retired as an Independent Director at the conclusion of the AGM pursuant to Regulation 91 of the Company's Constitution. Upon his cessation as Independent Director, Mr. Heng Lee Seng has also ceased to be the Lead Independent Director, the Chairman of the Audit Committee and a member of the Nominating Committee and Remuneration Committee 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
22/08/2000
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.)
Independent Director, Lead Independent Director, Chairman of the Audit Committee and member of the Nominating Committee and Remuneration Committee.
Role and responsibilities
As 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?
Yes
Shareholding Details
12,999 shares
Past (for the last 5 years)
Nil
Present
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