Change - Announcement of Cessation::Retirement of Independent Non-Executive Director - Mr. Lim Kok Min

Issuer & Securities

Issuer/ Manager
SILVERLAKE AXIS LTD
Securities
SILVERLAKE AXIS LTD - BMG8226U1071 - 5CP
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
09-Oct-2020 18:31:08
Status
New
Announcement Sub Title
Retirement of Independent Non-Executive Director - Mr. Lim Kok Min
Announcement Reference
SG201009OTHRWC3L
Submitted By (Co./ Ind. Name)
Priscilla Tan
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Retirement of Independent Non-Executive Director - Mr. Lim Kok Min

Additional Details

Name Of Person
Lim Kok Min
Age
80
Is effective date of cessation known?
Yes
If yes, please provide the date
27/10/2020
Detailed Reason (s) for cessation
In accordance with Bye-law 86(1) of the Company's Bye-laws, Mr Lim Kok Min is one of the Directors to retire by rotation at the Company's forthcoming Annual General Meeting ("AGM"). However, he will not be offering himself for re-election and will retain office until the conclusion of the AGM.
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
15/06/2006
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.)
Independent Non-Executive Director; chairman of Strategic Investment Committee; member of Nominating Committee and Remuneration Committee
Role and responsibilities
Duties of an Independent Non-Executive Director, chairman of Strategic Investment Committee, as well as duties as a member of Nominating Committee and Remuneration Committee in the terms of reference.
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
Direct interest - 1,100,000 ordinary shares in the share capital of the Company.
Past (for the last 5 years)
1. MHC Asia Group Pte Ltd
Present
1. Boustead Projects Ltd
2. Taylor's Education Pte Ltd
3. Nexus International School Pte Ltd
4. IREIT Global Pte Ltd
5. In. Corp Global Pte Ltd
6. Skirner Pte Ltd
7. TWG Tea Pte Ltd