Change - Announcement of Cessation::Resignation of Independent Director

Issuer & Securities

Issuer/ Manager
ROXY-PACIFIC HOLDINGS LIMITED
Securities
ROXY-PACIFIC HOLDINGS LIMITED - SG1W66939735 - E8Z
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
30-Jul-2021 18:05:58
Status
New
Announcement Sub Title
Resignation of Independent Director
Announcement Reference
SG210730OTHRMTCN
Submitted By (Co./ Ind. Name)
Koh Seng Geok
Designation
Executive Director and Company Secretary
Description (Please provide a detailed description of the event in the box below)
Resignation of Independent Director

Additional Details

Name Of Person
Tan Hong Lye, Cecilia
Age
51
Is effective date of cessation known?
Yes
If yes, please provide the date
30/07/2021
Detailed Reason (s) for cessation
Ms Cecilia Tan has tendered her resignation as Independent Director with effect from 30 July 2021. She has indicated that her resignation is due to increased work commitment and responsibility from her full-time role as the Chief Executive Officer of Sasseur Asset Management Pte Ltd.
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?
Yes
If Yes, Please provide full details
With Ms Cecilia Tan's cessation, the Board will be looking to appoint a new Independent Director to ensure that the composition of the Board and Board of Committees comply with the Code of Corporate Governance.
Any other relevant information to be provided to shareholders of the listed issuer?
No
Date of Appointment to current position
01/10/2019
Does the AC have a minimum of 3 members (taking into account this cessation)?
No
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 Nominating Committee, Member of Audit Risk Management Committee and Remuneration Committee
Role and responsibilities
Non-executive
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)
Nil
Present
Nil