Change - Announcement of Cessation::Cessation of Executive Director

Issuer & Securities

Issuer/ Manager
GALLANT VENTURE LTD.
Securities
GALLANT VENTURE LTD. - SG1T37930313 - 5IG
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
26-Jun-2020 17:33:46
Status
New
Announcement Sub Title
Cessation of Executive Director
Announcement Reference
SG200626OTHR73KJ
Submitted By (Co./ Ind. Name)
Choo Kok Kiong
Designation
Executive Director and Company Secretary
Description (Please provide a detailed description of the event in the box below)
Cessation of Executive Director.

Additional Details

Name Of Person
Jusak Kertowidjojo
Age
63
Is effective date of cessation known?
Yes
If yes, please provide the date
26/06/2020
Detailed Reason (s) for cessation
Mr Jusak Kertowidjojo will not seek for re-selection as a Director at the Annual General Meeting of the Company to be held on 26 June 2020.
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
30/04/2014
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.)
Executive Director
Role and responsibilities
Mr Jusak Kertowidjojo is responsible for the overall management of IMAS Group.
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
Past (for the last 5 years)
None
Present
1. Subsidiaries of IMAS Group
2. Several private enterprises in Indonesia