Change - Announcement of Cessation::Retirement of Chief Technology Officer

Issuer & Securities

Issuer/ Manager
BIOSENSORS INTERNATIONAL GROUP, LTD.
Securities
BIOSENSORS INT'L GROUP, LTD. - BMG113251000 - B20

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
28-May-2014 17:39:44
Status
New
Announcement Sub Title
Retirement of Chief Technology Officer
Announcement Reference
SG140528OTHRV33X
Submitted By (Co./ Ind. Name)
Ronald H. Ede
Designation
Chief Financial Officer/ Company Secretary
Description (Please provide a detailed description of the event in the box below)
Retirement of Mr John E. Shulze as Chief Technology Officer

Additional Details

Name Of Person
John E. Shulze
Age
67
Is effective date of cessation known?
Yes
If yes, please provide the date
31/12/2013
Detailed Reason (s) for cessation
Retirement
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?
Yes
If Yes, Please provide full details
Mr John E. Shulze has been a director of the Company s principal subsidiary, Biosensors Europe SA ("BESA") since 9 November 2010 and will continue to remain as a director of BESA after his retirement from the Company.
Any other relevant information to be provided to shareholders of the listed issuer?
No
Date of Appointment to current position
18/10/1995
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)
3
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
2
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
NA
Role and responsibilities
Chief Technology Officer
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
None
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
John E. Shulze owns 425,000 options in Biosensors
Past (for the last 5 years)
Nil
Present
Biosensors Europe SA