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

Issuer & Securities

Issuer/ Manager
METAL COMPONENT ENGINEERING LIMITED
Securities
METAL COMPONENT ENGG LTD - SG1O81915033 - 5DX
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
06-May-2016 20:08:43
Status
New
Announcement Sub Title
Cessation of Independent Non-Executive Director
Announcement Reference
SG160506OTHRPPT6
Submitted By (Co./ Ind. Name)
Lee Wei Hsiung
Designation
Company Secretary
Effective Date and Time of the event
06/05/2016 17:00:00
Description (Please provide a detailed description of the event in the box below)
Resignation of Mr Lim Swee Kwang as Independent Non-Executive Director of the Company.

This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, Canaccord Genuity Singapore Pte. Ltd. ("Sponsor"), for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited ("SGX-ST"). The Sponsor has not independently verified the contents of this announcement.

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 Mr. Tee Chun Siang, Associate Director, Corporate Finance, Canaccord Genuity Singapore Pte. Ltd., at 77 Robinson Road #21-02 Singapore 068896, telephone (65) 6854-6160.

Additional Details

Name Of Person
Lim Swee Kwang
Age
55
Is effective date of cessation known?
Yes
If yes, please provide the date
06/05/2016
Detailed Reason (s) for cessation
Due to other work 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
01/05/2014
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)
2
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.)
Independent Non-Executive Director, Chairman of the Remuneration Committee and member of the Audit Committee and the Nominating Committee.
Role and responsibilities
Non-Executive
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Nil
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
Mr Lim Swee Kwang is deemed to be interested in 66,666 ordinary shares in the Company held in the name of his spouse, Mdm Chan Wai Wong.
Past (for the last 5 years)
Venture Electronics Pte Ltd, GES (Singapore) Pte Ltd, GES Investment Pte Ltd, GES International Ltd, SME Investment Pte Ltd, GES Manufacturing Services (M) Sdn Bhd (Singapore Branch) and Scinetic Engineering Pte Ltd
Present
Nil