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

Issuer & Securities

Issuer/ Manager
RAMBA ENERGY LIMITED
Securities
RAMBA ENERGY LIMITED - SG1P35918371 - R14
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
30-Mar-2016 21:20:14
Status
New
Announcement Sub Title
Announcement of Cessation of Non-Executive Director
Announcement Reference
SG160330OTHRXJVJ
Submitted By (Co./ Ind. Name)
Chew Kok Liang
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Announcement of Cessation of Raymond Budhin as Non-Executive Director

Additional Details

Name Of Person
Raymond Budhin
Age
42
Is effective date of cessation known?
Yes
If yes, please provide the date
30/03/2016
Detailed Reason (s) for cessation
Mr Raymond Budhin has resigned as director due to his other personal commitments.
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
22/05/2015
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
2
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Executive Director
Role and responsibilities
Non-Executive Director
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
He is the nephew of the substantial shareholder, Dato' Sri Prof. Dr Tahir.
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
15,000 ordinary shares
Past (for the last 5 years)
2003-2012: PT Nirmala Kencana Mas - Director
2009-2012: PT Sejahteraraya Anugrahjaya Tbk - Director
Present
2011 - present: Grace Shine Pte. Ltd. - Director
2012 - present: PT Chandra Asri Petrochemical Tbk - Vice President Director