Change - Announcement of Cessation::Stepping Down of Executive Director

Issuer & Securities

Issuer/ Manager
JARDINE CYCLE & CARRIAGE LIMITED
Securities
JARDINE CYCLE & CARRIAGE LTD - SG1B51001017 - C07
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
14-Feb-2025 17:19:02
Status
New
Announcement Sub Title
Stepping Down of Executive Director
Announcement Reference
SG250214OTHRZF77
Submitted By (Co./ Ind. Name)
Jeffery Tan Eng Heong
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Stepping Down of Executive Director

Additional Details

Name Of Person
Stephen Gore
Age
53
Is effective date of cessation known?
Yes
If yes, please provide the date
18/02/2025
Detailed Reason (s) for cessation
To restore the majority-independent status of the Jardine Cycle & Carriage board following the recent passing of independent director, Mr Mikkel Larsen.

Mr Stephen Gore remains a member of the key management of Jardine Cycle & Carriage and continues with his current duties and responsibilities for the Group's investment strategy.
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
01/04/2019
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
4
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
- Group Director responsible for investment strategy (unchanged)
- Executive Director (stepping down)
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
Nil
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
25,000 shares of Jardine Cycle & Carriage
Past (for the last 5 years)
- Jardine Matheson (Singapore) Ltd
- Jardine Matheson Management (SEA) Pte. Limited
- Jardine Strategic Singapore Pte Ltd
- Truong Hai Group Corporation
- Refrigeration Electrical Engineering Corporation*
- Siam City Cement Public Company Limited*

* public listed company
Present
- Jardine Matheson Ltd
- Opera Investments Pte Ltd
- Platinum Victory Pte. Ltd.
- PT Astra International Tbk *

* public listed company