Change - Announcement of Cessation::Cessation of Independent Director

Issuer & Securities

Issuer/ Manager
BLUMONT GROUP LTD.
Securities
BLUMONT GROUP LTD. - SG1I69883698 - A33
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
24-Apr-2019 22:44:17
Status
New
Announcement Sub Title
Cessation of Independent Director
Announcement Reference
SG190424OTHRIE2B
Submitted By (Co./ Ind. Name)
Siaw Lu Howe
Designation
Non-Executive Chairman
Description (Please provide a detailed description of the event in the box below)
Cessation of Independent Director who is the Chairman of the Audit and Remuneration Committees, and Member of the Nominating Committee.

Additional Details

Name Of Person
Lim Huan Kim
Age
60
Is effective date of cessation known?
Yes
If yes, please provide the date
24/04/2019
Detailed Reason (s) for cessation
Mr Lim Huan Kim ("Mr Lim") has decided not to seek for re-election at the Annual General Meeting on 24 April 2019 and accordingly retired as the Company's Lead Independent Director, to devote more time and attention to his other work commitments.

Concurrently Mr Lim also relinquished his position as the Chairman of the Audit and Remuneration Committees and a member of the Nominating Committee of the Company.

Other than as disclosed in this announcement, there are no other material reasons for the cessation of Mr Lim as the Independent Director 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
15/03/2004
Does the AC have a minimum of 3 members (taking into account this cessation)?
No
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
1
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.)
Lead Independent Director, Chairman of the Audit and Remuneration Committees, Member of the Nominating Committee
Role and responsibilities
Usual duties of an Independent Director, Chairman of the Audit and Remuneration Committees, and member of the Nominating Committee as covered in the terms of reference of the respective Committees.
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?
Yes
Shareholding Details
21,700,000 ordinary shares
Past (for the last 5 years)
Nil
Present
Nil