Change - Announcement of Cessation::Cessation of Kobby Greenberg as CEO Trendlines Innovation Labs

Issuer & Securities

Issuer/ Manager
THE TRENDLINES GROUP LTD.
Securities
THE TRENDLINES GROUP LTD. - IL0011328858 - 42T
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
13-Feb-2024 18:56:38
Status
New
Announcement Sub Title
Cessation of Kobby Greenberg as CEO Trendlines Innovation Labs
Announcement Reference
SG240213OTHRM882
Submitted By (Co./ Ind. Name)
Sahar Farah
Designation
Joint Company Secretary
Description (Please provide a detailed description of the event in the box below)
This announcement has been reviewed by the Company's sponsor, PrimePartners Corporate Finance Pte. Ltd. (the "Sponsor"). It has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "Exchange") and the Exchange assumes no responsibility for the contents of this document, including the correctness of any of the statements or opinions made or reports contained in this document. The contact person for the Sponsor is Mr. Shervyn Essex, 16 Collyer Quay, #10-00 Collyer Quay Centre, Singapore 049318,sponsorship@ppcf.com.sg.

Additional Details

Name Of Person
Yaakov ("Kobby") Greenberg
Age
58
Is effective date of cessation known?
Yes
If yes, please provide the date
29/02/2024
Detailed Reason (s) for cessation
Mr. Greenberg's cessation comes following the Company's efforts to streamline its operations, the Company will be shedding non-core activities that are not aligned with its core competencies and strategic focus. This is part of a restructuring and refocusing that Trendlines has embarked upon.
Mr. Greenberg is currently serving his notice period. After having interviewed Mr Greenberg and to the best of its knowledge, the Company's Sponsor, PrimePartners Corporate Finance Pte. Ltd., is satisfied that save as disclosed in this announcement, there are no material reasons for the cessation of Mr Greenberg as the Chief Executive Officer of Trendlines Innovation Labs.
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
23/02/2023
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.)
Chief Executive Officer, Trendlines Innovation Labs.
Role and responsibilities
The responsibility for the overall management of the business operations of Trendlines Innovation Labs.
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
Other Directorships
Past (for the last 5 years)
Nil
Present
Nil