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

Issuer & Securities

Issuer/ Manager
GL LIMITED
Securities
GL LIMITED - BMG392401094 - B16
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
16-Apr-2021 17:35:38
Status
New
Announcement Sub Title
Resignation of Independent Non-Executive Director
Announcement Reference
SG210416OTHRLJP6
Submitted By (Co./ Ind. Name)
Susan Lim
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Resignation of Mr Paul Jeremy Brough as Independent Non-Executive Director ("INED") of GL Limited with effect from 17 April 2021.

Additional Details

Name Of Person
Paul Jeremy Brough
Age
64
Is effective date of cessation known?
Yes
If yes, please provide the date
17/04/2021
Detailed Reason (s) for cessation
Pursuant to the reconstitution of the Board of Directors of GL Limited following the close of the voluntary unconditional cash offer by GuocoLeisure Holdings Limited for all the issued ordinary shares in the capital of GL Limited.

GL Limited is satisfied that, other than as disclosed in this announcement, there are no other material reasons for the resignation of Mr Paul Jeremy Brough as INED of GL Limited.
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
01/07/2012
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)
3
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.)
INED, member of the Audit and Risk Management Committee and Chairman of the Remuneration Committee and the Nominating Committee.
Role and responsibilities
INED, member of the Audit and Risk Management Committee and Chairman of the Remuneration Committee and the Nominating Committee.
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?
No
Past (for the last 5 years)
1. China Fishery Group Limited
2. Noble Group Holdings Limited
3. Noble Group Limited
4. Sailability Hong Kong Limited
Present
1. Vitasoy International Holdings Limited
2. Toshiba Corporation
3. Habib Bank Zurich (Hong Kong) Limited
4. The Executive Centre Limited
5. The Hong Kong Club Foundation Limited
6. Run Hong Kong Limited
7. Blue Willow Limited
8. Darwin Holdings Limited
9. Wentworth Developments Limited