Change - Announcement of Cessation::Cessation of Appointment as Independent Director - Mr Frederick R. Walsh Jr

Issuer & Securities

Issuer/ Manager
JASPER INVESTMENTS LIMITED
Securities
JASPER INVESTMENTS LIMITED - SG1W79939920 - FQ7
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
15-Oct-2023 22:59:06
Status
New
Announcement Sub Title
Cessation of Appointment as Independent Director - Mr Frederick R. Walsh Jr
Announcement Reference
SG231015OTHRESS0
Submitted By (Co./ Ind. Name)
Ng Joo Khin
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)

Please see below information on the cessation of appointment of Mr Frederick R. Walsh, Jr as an Independent Non-Executive Director of the Company.

Additional Details

Name Of Person
FREDERICK R. WALSH, JR
Age
71
Is effective date of cessation known?
Yes
If yes, please provide the date
14/10/2023
Detailed Reason (s) for cessation

Following the conclusion of the Annual General Meeting, Mr Frederick R. Walsh, Jr, who has expressed his desire to retire from his position to focus on other interests, has ceased to be an Independent Non-Executive Director.
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
30/12/2021
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
4
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)

Independent and Non-Executive Director.
RC Chairman and member of the AC and NC.
Role and responsibilities

As RC Chairman, Mr Frederick R Walsh, Jr, leads the RC in performing its role as recommended by the Singapore Code on Corporate Governance 2018 including taking responsibility for reviewing and recommending to the Board for its consideration the remuneration packages of individual Directors and key management executives. Details of the duties taken by the RC as chaired by Mr Frederick R Walsh, Jr can be found in the Annual Report 2022 issued by the Company on 29 September 2023. Mr Frederick R Walsh, Jr, also participated in the deliberations and discussions held by the AC and the NC.
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?
No
Other Directorships
Past (for the last 5 years)
Coastline Trust Company
Present
Nil