Change - Announcement of Cessation::CESSATION OF EXECUTIVE DIRECTOR

Issuer & Securities

Issuer/ Manager
CENTURION CORPORATION LIMITED
Securities
CENTURION CORPORATION LIMITED - SG2D51973063 - OU8
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
11-May-2015 06:55:05
Status
New
Announcement Sub Title
CESSATION OF EXECUTIVE DIRECTOR
Announcement Reference
SG150511OTHRDYLR
Submitted By (Co./ Ind. Name)
Kong Chee Min
Designation
Chief Executive Director
Effective Date and Time of the event
11/05/2015 07:00:00
Description (Please provide a detailed description of the event in the box below)
Cessation of Executive Director of the Company - Kong Chee Min

Additional Details

Name Of Person
Kong Chee Min
Age
50
Is effective date of cessation known?
Yes
If yes, please provide the date
08/05/2015
Detailed Reason (s) for cessation
A move by the Company towards separating the management from the Board which will now comprise all Non-Executive Directors and Independent Directors.

Mr Kong Chee Min will remain in the executive management team as the Chief Executive Officer of the Company. He is responsible for the overall Group's business and day-to-day 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
28/03/2000
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
3
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Director
Role and responsibilities
Please see above.
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?
Yes
Shareholding Details
171,187 shares in Centurion Corporation Ltd
Past (for the last 5 years)
AVSM Logistics Pte Ltd
Typhoon Creations Pte Ltd
Wow Vision Pte Ltd
Present
Please see attached

Attachments

KCM -LIST OF DIRECTORSHIP.pdf
Total size =40K