Change - Announcement of Cessation::Retirement of Independent Director

Issuer & Securities

Issuer/ Manager
GLOBAL INVESTMENTS LIMITED
Securities
GLOBAL INVESTMENTS LIMITED - SGXC73602341 - B73
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
31-Dec-2021 13:42:13
Status
New
Announcement Sub Title
Retirement of Independent Director
Announcement Reference
SG211231OTHR0R1J
Submitted By (Co./ Ind. Name)
Boon Swan Foo
Designation
Chairman
Effective Date and Time of the event
31/12/2021 17:00:00
Description (Please provide a detailed description of the event in the box below)
Retirement of Independent Director in compliance of nine-year rule of director independence.

Additional Details

Name Of Person
Seah Lim Siang
Age
74
Is effective date of cessation known?
Yes
If yes, please provide the date
31/12/2021
Detailed Reason (s) for cessation
Mr Seah retired in compliance with Listing Rule 210(5)(d) on nine-year rule of director independence.
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
30/04/2010
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
1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Lead Independent Director, Chairman of the Audit and Risk Management Committee and Nomination and Governance Committee
Role and responsibilities
Independent 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
Past (for the last 5 years)
1. PGG Wrightson Limited
2. Yanlord Land Group Limited
Present
1. TeleChoice International Limited
2. M&C REIT Management Limited (as Manager of CDL Hospitality Real Estate Investment Trust)
3. M&C Business Trust Management Limited (as trustee-manager of CDL Hospitality Business Trust)
4. Nucleus Connect Pte. Ltd.
5. LifeHealth Group Limited (formerly known as NeuLife Healthcare Limited)
6. LifeClinic Limited (formerly known as Innovative Healthcare Limited)
7. LifeHub Limited