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

Issuer & Securities

Issuer/ Manager
GRP LIMITED
Securities
GRP LTD - SG1CD2000004 - BLU
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
24-Oct-2024 17:37:16
Status
New
Announcement Sub Title
Cessation of Non-Executive Director
Announcement Reference
SG241024OTHR4A46
Submitted By (Co./ Ind. Name)
Goh Lik Kok
Designation
Executive Director and Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Cessation of Non-Executive Director

Additional Details

Name Of Person
Colin Tay Yong Lee
Age
60
Is effective date of cessation known?
Yes
If yes, please provide the date
24/10/2024
Detailed Reason (s) for cessation
Resolution 6 pertaining to the re-election of Mr Colin Tay Yong Lee as a Director was not carried at the Company's Annual
General Meeting held on 24 October 2024 ("AGM"). Following the conclusion of the AGM, Mr Colin Tay Yong Lee retired from his office as a 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?
Yes
If Yes, Please provide full details
Mr Colin Tay Yong Lee disagrees with the basis of his termination as the Managing Director of the Company, as disclosed in the announcement released on 3 February 2024 and reserves all rights.
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
Please refer to the above.
Any other relevant information to be provided to shareholders of the listed issuer?
Yes
If Yes, Please provide full details
Please refer to the above and to the Company's announcement dated 15 January 2024 relating to the "Termination of Sale and Purchase of Shares Agreement".
Date of Appointment to current position
24/08/2023
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
7
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Executive Director
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
No
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
Truss-Net (S) Pte Ltd
Hydrabaths Asia Pte Ltd
Present
Power Staples Investment Pte. Ltd.
Boulevard Capital Partners Limited
Boulevard AGC Securities Pty Limited