Change - Announcement of Cessation::Cessation of Dr Eran Feldhay as CEO of Misgav and VP of The Trendlines Group Ltd.

Issuer & Securities

Issuer/ Manager
THE TRENDLINES GROUP LTD.
Securities
THE TRENDLINES GROUP LTD. - IL0011328858 - 42T
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
16-Sep-2016 00:41:31
Status
New
Announcement Sub Title
Cessation of Dr Eran Feldhay as CEO of Misgav and VP of The Trendlines Group Ltd.
Announcement Reference
SG160916OTHR4CXQ
Submitted By (Co./ Ind. Name)
Yosef Ron
Designation
Joint Company Secretary
Description (Please provide a detailed description of the event in the box below)
The Trendlines Group Ltd. (the "Company") was listed on Catalist of the Singapore Exchange Securities Trading Limited (the "SGX-ST") on 26 November 2015. The initial public offering of the Company was sponsored by PrimePartners Corporate Finance Pte. Ltd. (the Sponsor").

This announcement has been prepared by the Company and its contents have been reviewed by the Sponsor for compliance with 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 Ms Gillian Goh, Director, Head of Continuing Sponsorship, at 16 Collyer Quay, #10-00 Income at Raffles, Singapore 049318, telephone (65) 6229 8088.


Additional Details

Name Of Person
Dr Eran Feldhay
Age
44
Is effective date of cessation known?
Yes
If yes, please provide the date
20/09/2016
Detailed Reason (s) for cessation
Dr Eran Feldhay has, subject to certain necessary approvals, accepted the position of Chief Executive Officer (CEO) at Trendlines' portfolio company, ApiFix Ltd. Accordingly, his employment as CEO of Trendlines Medical-Misgav Ltd (Misgav) and as Vice President of The Trendlines Group Ltd. will be terminated by mutual consent. Dr Eran's position in Misgav will be assumed by Dr Nitza Kardish, who will also continue to serve as CEO of Trendlines Agtech-Mofet Ltd. The appointment of Dr Nitza Kardish as the CEO of Misgav is subject to further regulatory approvals as required under applicable laws in Israel.
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
08/06/2010
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)
2
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.)
Vice President of The Trendlines Group Ltd and CEO of Misgav
Role and responsibilities
Responsible for the overall management of the business operations of Misgav
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
None
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
2,782,936 share options in The Trendlines Group Ltd. following the cessation of Dr Eran as the Vice President of The Trendlines Group Ltd and CEO of Misgav.
Past (for the last 5 years)
MitrAssist Medical Ltd
My Size, Inc. (formerly known as TopSpin Medical, Inc.)
Present
ApiFix Ltd
Arcuro Medical Ltd.
CardioFlow Ltd.
EndoBetix Ltd.
ElastiMed Ltd.
Escala Medical Ltd.
E.T.View Ltd.
E.T.View Medical Ltd.
Fidmi Medical Ltd.
Gordian Surgical Ltd.
InnoLap Surgical Ltd.(in liquidation)
IonMed Ltd.
Juvenis Ltd.
LapSpace Medical Ltd.
MediValve Ltd.
NeuroQuest Ltd.
OB Smart Ltd.
Omeq Medical Ltd.
OrthoSpin Ltd.
ProArc Medical Ltd.
Realview Medical Ltd.
S.T.S Medical Ltd.
Tandem Technologies Ltd.
Vensica Medical Ltd.
VisiDome Ltd.
Vital View Ltd. (in liquidation)
Zeev Implants Ltd.