Change - Announcement of Cessation::Retirement of Independent Non-Executive Director - Albert Ho Shing Tung

Issuer & Securities

Issuer/ Manager
RIVERSTONE HOLDINGS LIMITED
Securities
RIVERSTONE HOLDINGS LIMITED - SG1U22933048 - AP4
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
26-Apr-2021 17:52:35
Status
New
Announcement Sub Title
Retirement of Independent Non-Executive Director - Albert Ho Shing Tung
Announcement Reference
SG210426OTHRX7SV
Submitted By (Co./ Ind. Name)
Wong Teek Son
Designation
Executive Chairman & Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
The Board of Directors of Riverstone Holdings Limited ((the "Company") would like to announce the retirement of Mr Albert Ho Shing Tung as Independent Non-Executive Director after the conclusion of the Company's Annual General Meeting ("AGM") held on 26 April 2021.

Additional Details

Name Of Person
Albert Ho Shing Tung
Age
54
Is effective date of cessation known?
Yes
If yes, please provide the date
26/04/2021
Detailed Reason (s) for cessation
Mr. Albert Ho Shing Tung retired as Independent Non-Executive Director of the Company after the conclusion of the AGM as part of board rejuvenation, having served on the Board for more than 9 years.

Accordingly, Mr. Albert Ho Shing Tung relinquished his position as Chairman of Remuneration Committee ("RC"), Member of the Audit Committee ("AC") and Nominating Committee ("NC").
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
02/10/2006
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.)
Independent Non-Executive Director, Chairman of RC, Member of the AC and NC.
Role and responsibilities
Fulfilling the responsibilities of an Independent Non-Executive Director.
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. Albert Ho Shing Tung holds 1,200,000 ordinary shares in the Company.
Past (for the last 5 years)
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Present
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