Change - Announcement of Cessation::Announcement of Cessation as Non-Executive Director

Issuer & Securities

Issuer/ Manager
STRACO CORPORATION LIMITED
Securities
STRACO CORPORATION LIMITED - SG1P15916395 - S85
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
29-Apr-2016 17:53:28
Status
New
Announcement Sub Title
Announcement of Cessation as Non-Executive Director
Announcement Reference
SG160429OTHR03X5
Submitted By (Co./ Ind. Name)
Lotus Isabella Lim Mei Hua
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Announcement of cessation of Mr Neo Poh Kok David as Independent, Non-Executive Director

Additional Details

Name Of Person
Neo Poh Kok David
Age
60
Is effective date of cessation known?
Yes
If yes, please provide the date
29/04/2016
Detailed Reason (s) for cessation
Mr Neo Poh Kok David is due to retire at the Annual General Meeting of the Company pursuant to the requirements of Article No. 95 of the Company's Constitution. Mr Neo did not seek re-appointment as a 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
13/05/2011
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)
4
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
Member of Audit & Risk Committee
Member of Nominating Committee
Role and responsibilities
Fulfilling the responsibilities of a 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?
Yes
Shareholding Details
960,000 Ordinary Shares of Straco Corporation Limited held
Past (for the last 5 years)
Nil
Present
Nil