Change - Announcement of Cessation::Cessation of Interim Chief Executive Officer

Issuer & Securities

Issuer/ Manager
GRP LIMITED
Securities
GRP LTD - SG1CD2000004 - BLU
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
01-Aug-2024 07:48:03
Status
New
Announcement Sub Title
Cessation of Interim Chief Executive Officer
Announcement Reference
SG240801OTHREZWW
Submitted By (Co./ Ind. Name)
Teo Tong How
Designation
Independent Non-Executive Director and Chairman
Description (Please provide a detailed description of the event in the box below)
Cessation of Interim Chief Executive Officer

Additional Details

Name Of Person
Kantilal s/o Champaklal Ramdas
Age
73
Is effective date of cessation known?
Yes
If yes, please provide the date
24/10/2024
Detailed Reason (s) for cessation
Following the re-designation of Mr Goh Lik Kok as Executive Director and Chief Executive Officer ("CEO") of the Company, with effect from 24 October 2024, Mr Kantilal s/o Champaklal Ramdas ("Mr Kantilal") will cease to be the Interim CEO and will remain as Chief Financial Officer ("CFO") 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
02/02/2024
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
6
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Interim CEO
Role and responsibilities
As Interim CEO, Mr Kantilal is responsible for managing and overseeing the overall business strategy and development of the Group. As CFO, he will continue to be responsible for the Group's Financial Management, Internal Controls and Corporate Compliance practice.
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
Mr Kantilal holds 1,292,900 (0.72%) shares of GRP Limited.
Past (for the last 5 years)
Starland Axis Pte. Ltd.
Starland Commercial Trading Pte. Ltd.
GRP Hua Kai (S) Pte. Ltd.
Present
GRP Suppliers Pte. Ltd.
GRP Pte. Ltd.
General Rubber Pte. Ltd.
Region Suppliers (Pte) Limited
GRP Land Pte. Ltd.
GRP Dormitories Pte. Ltd.
GRP Projects Pte. Ltd.
GRP Development Pte. Ltd.
GRP Services Myanmar Co Ltd
Multiple Lodge Sdn Bhd
GRP Project Management Sdn Bhd
GRP Developments Sdn Bhd
VDH Land Sdn Bhd
Rumah Kami Sdn Bhd