Change - Announcement of Cessation::ANNOUNCEMENT OF CESSATION OF INDEPENDENT DIRECTOR

Issuer & Securities

Issuer/ Manager
LIBRA GROUP LIMITED
Securities
LIBRA GROUP LIMITED - SG2D82975475 - 5TR
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
23-Jul-2019 19:37:07
Status
New
Announcement Sub Title
ANNOUNCEMENT OF CESSATION OF INDEPENDENT DIRECTOR
Announcement Reference
SG190723OTHRI4OR
Submitted By (Co./ Ind. Name)
Chu Sau Ben
Designation
Executive Chairman, Executive Director and Chief Executive Officer
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, RHT Capital Pte. Ltd. (the "Sponsor") for compliance with the relevant rules of the Listing Manual Section B: Rules of Catalist of the Singapore Exchange Securities Trading Limited (the "SGX-ST"). The Sponsor has not independently verified the contents of this announcement.

This announcement has not 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 opinions made or reports contained in this announcement.

The contact person for the Sponsor is Mr Lay Shi Wei, Registered Professional, RHT Capital Pte. Ltd. at 9 Raffles Place #29-01 Republic Plaza Tower 1 Singapore 048619, telephone (+65) 6381 6757

Additional Details

Name Of Person
MS GN JONG YUH GWENDOLYN
Age
48
Is effective date of cessation known?
Yes
If yes, please provide the date
23/07/2019
Detailed Reason (s) for cessation
Ms Gn Jong Yuh Gwendolyn has decided to resign to focus on her work commitments and to pursue other interests.

Based on its enquiries, the Company's Sponsor, RHT Capital Pte. Ltd., is satisfied that, other than as disclosed in this announcement, there are no material reasons for the resignation of Ms Gn Jong Yuh Gwendolyn as Independent Director of Libra Group Limited.
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
12/12/2017
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, Chairman of Remuneration Committee, and a member of the Audit Committee and the Nominating Committee
Role and responsibilities
Independent Director
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)
Shooklin Advisory Services Pte Ltd (Struck Off)
Present
UMS Holdings Limited

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