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

Issuer & Securities

Issuer/ Manager
POLLUX PROPERTIES LTD.
Securities
POLLUX PROPERTIES LTD. - SG1I77884290 - 5AE
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
26-Jul-2018 19:04:36
Status
New
Announcement Sub Title
Retirement of an Independent Director
Announcement Reference
SG180726OTHRCI20
Submitted By (Co./ Ind. Name)
Chan Tee Yong
Designation
Financial Controller
Description (Please provide a detailed description of the event in the box below)
This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, SAC Capital Private Limited ("Sponsor"), for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited ("SGX-ST"). The Sponsor has not independently verified the contents of this announcement.

This announcement has no been examined or approved by the SGX-ST and the SGX-ST assumes no responsibility for the contents of this announcement, including the correctness of any of the statements or opnions made, or reports contained in this announcement.

The contact person for the Sponsor is Ms Tay Sim Yee, at 1 Robinson Road, #21-00 AIA Tower, Singapore 048542, Telephone(65) 6532 3829

Additional Details

Name Of Person
Bambang Widaryatmo
Age
64
Is effective date of cessation known?
Yes
If yes, please provide the date
26/07/2018
Detailed Reason (s) for cessation
Mr Bambang Widaryatmo ("Mr Bambang") voluntarily retired as a Director of the Company and has not sought re-appointment at the Annual General Meeting held on 26 July 2018 due to health reason. Following his retirement, Mr Bambang also ceased to be a member of the Audit Committee and the Remuneration and Nominating Committee.

Based on its enquiries, the Company's Sponsor, SAC Capital Private Limited, is satisfied that, other than as disclosed in this announcement, there are no material reasons for the retirement of Mr Bambang as Independent Director 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
18/03/2014
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
1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Director
Role and responsibilities
Independent Director, Member of Audit Committee, Member of Remuneration and Nominating 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?
No
Past (for the last 5 years)
Nil
Present
Nil