Change - Announcement of Cessation::Resignation of Chief Marketing Officer
Issuer & Securities
AYONDO LTD. - SG1ED1000001 - 1I5
Change - Announcement of Cessation
Date &Time of Broadcast
Announcement Sub Title
Resignation of Chief Marketing Officer
Submitted By (Co./ Ind. Name)
Description (Please provide a detailed description of the event in the box below)
Resignation of Executive Officer (Chief Marketing Officer) - Mrs Sarah Brylewski
ayondo Ltd. (the "Company") was listed on Catalist of the Singapore Exchange Securities Trading Limited (the "SGX-ST") on 26 March 2018. The initial public offering of the Company was sponsored by UOB Kay Hian Private Limited (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 Mr Gregory Wee Toon Lee, Assistant Vice President, at 8 Anthony Road, #01-01, Singapore 229957, telephone (65) 6590 6881.
Name Of Person
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
To pursue other interests.
In conjunction with her cessation as Chief Marketing Officer of the Group, Mrs Sarah Brylewski ("Mrs Brylewski") has also ceased as Managing Director of ayondo GmbH with effect from 6 March 2019.
The Company's Sponsor, UOB Kay Hian Private Limited, having interviewed Mrs Brylewski, is not aware of any material reasons for the cessation of Mrs Brylewski as the Chief Marketing Officer of the Group.
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?
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?
Any other relevant information to be provided to shareholders of the listed issuer?
Date of Appointment to current position
Does the AC have a minimum of 3 members (taking into account this cessation)?
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chief Marketing Officer
Role and responsibilities
Executive. Mrs Brylewski is responsible for managing the marketing activities of the Group, with a focus on attracting new clients, improving brand visibility and awareness, and finding ways to improve the Group's products and services to retain the existing client base.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Shareholding interest in the listed issuer and its subsidiaries?
Mrs Brylewski holds 2,480,220 shares in ayondo Ltd.
Past (for the last 5 years)
1. Social Trading Netzwerk GmbH
2. ayondo GmbH*
* In conjunction with the aforesaid resignation, Mrs Brylewski has also stepped down as Director of the abovementioned company with effect from 6 March 2019.