Change - Announcement of Cessation::Announcement of Cessation as a Non-Executive Non-Independent Director

Issuer & Securities

Issuer/ Manager
TYE SOON LIMITED
Securities
TYE SOON LTD - SG1BH8000001 - BFU
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
21-Dec-2021 23:58:55
Status
New
Announcement Sub Title
Announcement of Cessation as a Non-Executive Non-Independent Director
Announcement Reference
SG211221OTHRK6LQ
Submitted By (Co./ Ind. Name)
David Chong Tek Yew
Designation
Managing Director
Description (Please provide a detailed description of the event in the box below)
Please see below.

Additional Details

Name Of Person
DARRYL GREGOR ABOTOMEY
Age
66
Is effective date of cessation known?
Yes
If yes, please provide the date
15/12/2021
Detailed Reason (s) for cessation
No longer nominated by Bapcor Limited as ceased employment.
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?
Yes
If Yes, Please provide full details
Mr Darryl Abotomey has informed the Company that (a) his resignation is due to differences of opinion with the Board of Bapcor Limited ("Bapcor") and has no bearing on the Company, (b) he is resigning as he was originally nominated by Bapcor Asia Pte. Ltd, a controlling shareholder of the Company and a subsidiary of Bapcor and is no longer employed by Bapcor and (c) he is disappointed not to be able to contribute to the development of the Company as originally envisaged.
Any other relevant information to be provided to shareholders of the listed issuer?
No
Date of Appointment to current position
26/04/2021
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)
2
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
5
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-executive Director.
Role and responsibilities
As above.
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)
Bapcor Limited and Subsidiaries Companies.
Present
DAAB Advisory Pty Ltd (Australia)