Change - Announcement of Cessation::CESSATION AS NON-EXECUTIVE DIRECTOR

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
29-Oct-2015 08:19:43
Status
New
Announcement Sub Title
CESSATION AS NON-EXECUTIVE DIRECTOR
Announcement Reference
SG151029OTHRNVPX
Submitted By (Co./ Ind. Name)
Ng Joo Khin
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
CESSATION AS NON-EXECUTIVE DIRECTOR

Additional Details

Name Of Person
Tan Yeelong
Age
56
Is effective date of cessation known?
Yes
If yes, please provide the date
28/10/2015
Detailed Reason (s) for cessation
As Ms. Tan Yeelong ("Ms. Tan") is a nominated director of Morton Bay (Holdings) Pte Ltd ("Morton Bay"), in light of the acquisition by Triton Investments No. 8 LLP from Morton Bay of an aggregate of 3,415,218,035 shares in the Company (the "Shares"), representing approximately 80.77% of the total issued Shares for an aggregate cash consideration of S$1,250,000, Ms. Tan has resigned from her role as a Non-Executive 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
28/07/2010
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
3
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Executive Director
Role and responsibilities
Non-Executive Director and member of the Nominating Committee.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
No
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
Pacnet Limited (incorporated in Bermuda)
Present
Ashmore Funds (incorporated in Massachusetts, USA)