Change - Announcement of Cessation::Cessation of Independent and Non-Executive Director

Issuer & Securities

Issuer/ Manager
UNITED ENGINEERS LIMITED
Securities
UNITED ENGINEERS LTD ORD - SG1K25001639 - U04
UNITED ENGINEERS 7.5% CUM PREF - SG2K18002445 - U05
UTDENGINEERSS$150M3.68%N210601 - SG73B3000008 - 4D9B
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
19-Sep-2017 22:17:32
Status
New
Announcement Sub Title
Cessation of Independent and Non-Executive Director
Announcement Reference
SG170919OTHRL6X6
Submitted By (Co./ Ind. Name)
Tan Chee Keong Roy
Designation
Group Chief Financial Officer
Description (Please provide a detailed description of the event in the box below)
Cessation of Independent and Non-Executive Director

Additional Details

Name Of Person
Tan Ngiap Joo
Age
71
Is effective date of cessation known?
Yes
If yes, please provide the date
19/09/2017
Detailed Reason (s) for cessation
Following the close of the mandatory cash offers, the major shareholder, Yanlord Perennial Investment (Singapore) Pte. Ltd., intends to reconstitute the Board. Mr Tan has decided to step down.
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
05/10/2006
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)
3
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chairman of the Board, Independent & Non-Executive Director, Chairman of Executive Committee, Member of Nominating Committee & Remuneration Committee
Role and responsibilities
As 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
89,850 ordinary stock units in United Engineers Limited
Past (for the last 5 years)
Banking Computer Services Private Limited
BCS Information Systems Pte Ltd
Tan Chong International Limited
Kian Ann Engineering Ltd (n.k.a. Kian Ann Engineering Pte. Ltd.)
Present
China Fishery Group Limited
Mapletree Logistics Trust Management Ltd.
Oversea-Chinese Banking Corporation Limited
OCBC Bank (Malaysia) Berhad
OCBC Al-Amin Bank Berhad