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

Issuer & Securities

Issuer/ Manager
F J BENJAMIN HOLDINGS LTD
Securities
F J BENJAMIN HOLDINGS LTD - SG1D58018368 - F10
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
12-Dec-2022 17:48:21
Status
New
Announcement Sub Title
Cessation of Non-Executive Chairman
Announcement Reference
SG221212OTHRMQX5
Submitted By (Co./ Ind. Name)
Karen Chong Mee Keng
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Retirement of Mr. Frank Benjamin ("Mr. Benjamin") as Non-Executive Chairman and as a member of the Nominating Committee of the Company.

This announcement has been prepared by F J Benjamin Holdings Ltd (the "Company") and its contents have been reviewed by the Company's sponsor (the "Sponsor"), ZICO Capital Pte. Ltd., in accordance with Rule 226(2)(b) of the Singapore Exchange Securities Trading Limited (the "SGX-ST") Listing Manual Section B: Rules of Catalist.

This announcement has not been examined or approved by the SGX-ST and the SGX-ST assumes no responsibility for the contents of this announcement including the correctness of any of the statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Ms Goh Mei Xian, Director, ZICO Capital Pte. Ltd. at 77 Robinson Road, #06-03 Robinson 77, Singapore 068896, telephone (65) 6636 4201.

Additional Details

Name Of Person
Frank Benjamin
Age
88
Is effective date of cessation known?
Yes
If yes, please provide the date
31/12/2022
Detailed Reason (s) for cessation
Mr. Benjamin is retiring as the Company's Non-Executive Chairman and as a member of the Nominating Committee of the Company with effect from 31 December 2022. He will relinquish all his Board responsibilities and will be appointed as Emeritus Chairman and Founder of the Company.

In view of Mr. Benjamin's extensive experience and expertise, the Company has entered into a consulting agreement with Mr. Benjamin to engage him as Advisor to provide advisory and consulting services to the Board for a period of three years.

After having interviewed Mr. Benjamin and to the best of its knowledge, the Sponsor is satisfied that save as disclosed in this announcement, there is no other material reason for the cessation of Mr. Benjamin as the Non-Executive Chairman 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?
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
01/07/2017
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
0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Executive Chairman and Member of the Nominating Committee.
Role and responsibilities
Non-Executive Chairman and Member of the Nominating Committee.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
(i) Mr. Benjamin is the brother of Mr. Eli Manasseh Benjamin, who is an Executive Director of the Company.
(ii) Mr. Benjamin is the father of Mr. Douglas Jackie Benjamin, who is an Executive Director of the Company.
Shareholding interest in the listed issuer and its subsidiaries?
No
Other Directorships
Past (for the last 5 years)
None
Present
- Sir Manasseh Meyer International School Pte. Ltd.