Change - Announcement of Cessation::Demise of an Independent 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
21-Jun-2021 18:47:17
Status
New
Announcement Sub Title
Demise of an Independent Director
Announcement Reference
SG210621OTHRYZYA
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)
Demise of an Independent Director

Additional Details

Name Of Person
Rivaie Rachman
Age
87
Is effective date of cessation known?
Yes
If yes, please provide the date
21/06/2021
Detailed Reason (s) for cessation
The Board was informed of the passing of Mr Rivaie Rachman on 21 June 2021.
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
08/12/2004
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
Role and responsibilities
Duties as an Independent Director, Chairman of Nominating Committee and member of Audit and Risk Management Committee and Remuneration Committee.
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
- Riau Development Bank
- Surya Dumai Palmoil Plantation & Industry Group in Indonesia