Change - Announcement of Cessation::Cessation of Chief Operating Officer and Joint Company Secretary

Issuer & Securities

Issuer/ Manager
THE TRENDLINES GROUP LTD.
Securities
THE TRENDLINES GROUP LTD. - IL0011328858 - 42T
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
10-Nov-2017 17:14:49
Status
New
Announcement Sub Title
Cessation of Chief Operating Officer and Joint Company Secretary
Announcement Reference
SG171110OTHRRVTU
Submitted By (Co./ Ind. Name)
Gwendolin Lee Soo Fern
Designation
Joint Company Secretary
Description (Please provide a detailed description of the event in the box below)
The Trendlines Group Ltd. (the "Company") was listed on Catalist of the Singapore Exchange Securities Trading Limited (the "SGX-ST") on 26 November 2015. The initial public offering of the Company (the "IPO") was sponsored by PrimePartners Corporate Finance Pte. Ltd. (the "Sponsor").

This announcement has been prepared by the Company and its contents have been reviewed by the Sponsor for compliance with the SGX-ST Listing Manual Section B: Rules of Catalist. The Sponsor has not verified the contents of this announcement.

This announcement has not been examined or approved by the SGX-ST. The Sponsor and the SGX-ST assume no responsibility for the contents of this announcement including the accuracy, completeness or correctness of any of the information, statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Ms. Gillian Goh, Director, Head of Continuing Sponsorship (Mailing Address: 16 Collyer Quay, #10-00 Income at Raffles, Singapore 049318 and E-mail: sponsorship@ppcf.com.sg).

Additional Details

Name Of Person
Yosef Ron
Age
61
Is effective date of cessation known?
Yes
If yes, please provide the date
10/11/2017
Detailed Reason (s) for cessation
Mr Yosef Ron will cease as Joint Company Secretary with effect from 10 November 2017 and will cease as Chief Operating Officer with effect from 5 January 2018. The termination of employment is in accordance with the Company's Expense Reduction Plan. Mr Yosef Ron's operations responsibilities will be assumed by the Company's Director of Operations.

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
01/07/2011
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)
1
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.)
Chief Operating Officer (Appointed: 1 July 2011) and Joint Company Secretary (Appointed: 26 November 2015).
Role and responsibilities
Responsible for operational matters and provides guidance and support to Trendlines Incubators Israel on matters related to the Israel Innovation Authority. As the Company's Joint Company Secretary, Mr Yosef Ron was responsible for the Company's compliance with applicable Israeli rules and regulations.
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
983,712 shares - Meitav Dash Benefits for the benefit of Mr Yosef Ron.
Past (for the last 5 years)
Liola Technologies Ltd.
2P2D Solutions Ltd.
Inphodrive Ltd.
Present
Advanced MemTech Ltd.
AirFreedom Ltd.
BAS - Biological Alarm System Ltd.
BioMem Ltd.
BioPetrol Ltd.
Breezy Industries Ltd.
Captive Bred Ltd.
Levgum Ltd.
Mantissa Ltd.
MicroPointing Ltd.
Microspark Ltd.
Novospeech Ltd.
SeqUR Ltd.
Sol-Chip Ltd.
SortFix Ltd.
Video-DSP Technologies Ltd.
VivoText Ltd.

Mr. Yosef Ron will resign as a director of the abovementioned companies no later than 5 January 2018.