Change - Announcement of Cessation::Cessation of Non-Independent & Non-Executive Director

Issuer & Securities

Issuer/ Manager
PROGEN HOLDINGS LTD
Securities
PROGEN HOLDINGS LTD - SG1F48858053 - 583
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
09-Feb-2015 17:22:34
Status
New
Announcement Sub Title
Cessation of Non-Independent & Non-Executive Director
Announcement Reference
SG150209OTHR6OGQ
Submitted By (Co./ Ind. Name)
Lee Ee @ Lee Eng
Designation
Managing Director
Effective Date and Time of the event
09/02/2015 17:00:00
Description (Please provide a detailed description of the event in the box below)
Cessation of Dr. Mohd Amin Liew Abullah ("Dr. Amin") as a Non-Indepedent and Non-Executive Director of Progen Holdings Ltd.

This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, PrimePartners Corporate Finance Pte. Ltd. (the "Sponsor" ) for compliance with the Singapore Exchange Securities Trading Limited (the "SGX-ST" ) Listing Manual Section B: Rules of Catalist. The Sponsor has not verified the contents of this announcement.

This announcement has not been examined or approved by the SGX-ST. The Sponsor and the SGX-ST assume no responsibility for the contents of this announcement, including the accuracy, completeness or correctness of any of the information, statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Mr Thomas Lam, Associate Director, Continuing Sponsorship, at 16 Collyer Quay, #10-00, Income at Raffles, Singapore 049318, telephone (65) 6229 8088.

Additional Details

Name Of Person
Dr. Mohd Amin Liew Abdullah
Age
52
Is effective date of cessation known?
Yes
If yes, please provide the date
09/02/2015
Detailed Reason (s) for cessation
Dr. Amin is unable to continue to commit sufficient time and attention to serve as a board member of Progen Holdings Ltd (the "Company") due to the increased responsibilities following his appointment as the CEO of Darussalam Assets Sdn Bhd. and being based full time in Brunei from November 2014.

Based on its enquires, the Company's sponsor, PrimePartners Corporate Finance Pte. Ltd., is satisfied that save as disclosed in this announcement, there are no material reasons for the resignation of Dr. Amin as the Non-Independent Non-Executive 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
15/08/2013
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.)
Non-Independent Non-Executive Director
Role and responsibilities
Non-Independent & Non-Executive 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?
No
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Golden Wang Holdings Pte Ltd
Securus Data Property Fund Pte Ltd
Al Masah Capital Limited
Healthcare MENA Ltd
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Iman Childcare Pte Ltd
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Iman Kindergarten (Tenagaville) Pte Ltd
Iman Childcare (Simei) Pte Ltd
Iman Kindegarten (Bt Batok) Pte Ltd
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Present
Brunei Investment Agency
Bandtree Sdn Bhd
Datastream Technology Sdn Bhd
Jerudong Park Hotel Sdn Bhd
Royal Brunei Golf and Country Club
Jerudong Park Medical Centre Sdn Bhd
Strategic Development Capital Fund
Brunei Global Islamic Investment Sdn Bhd
Brooketon Sdn Bhd
BAG Networks Sdn Bhd
Brunei Shell Petroleum Company Sdn Bhd
Brunei LNG Sdn Bhd
Brunei Shell Marketing Company Sdn Bhd
Brunei Shell Tankers Sdn Bhd
Brunei Gas Carriers Sdn Bhd
Perbadanan Tabung Amanah Islam Brunei
Insurans Islam TAIB
Darussalam Holdings Sdn Bhd
Burj Al Safwa Property Investment Company WLL
Liew Hong Tee & Sons Investment Company Limited
Lau Motors Sdn Bhd
LKM Motors Sdn Bhd
Al Masah Capital (Asia) Pte Ltd
Springchime Capital Advisory
Wealth Chime Holdings Ltd
Asia Frontier Holdings Private Limited
Yoma Strategic Holdings Ltd
KidsKingdom Pte Ltd