Change - Announcement of Cessation::Retirement of Mr Davinder Singh S/O Amar Singh as a Non-Executive Non-Independent Director

Issuer & Securities

Issuer/ Manager
DELFI LIMITED
Securities
DELFI LIMITED - SG1Q25921608 - P34
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
05-Apr-2024 18:36:44
Status
New
Announcement Sub Title
Retirement of Mr Davinder Singh S/O Amar Singh as a Non-Executive Non-Independent Director
Announcement Reference
SG240405OTHRWA8R
Submitted By (Co./ Ind. Name)
Siau Kuei Lian
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Please refer to the below information.

Additional Details

Name Of Person
Davinder Singh S/O Amar Singh
Age
66
Is effective date of cessation known?
Yes
If yes, please provide the date
23/04/2024
Detailed Reason (s) for cessation
As part of the Board rejuvenation process and good governance practice, Mr Davinder Singh S/O Amar Singh ("Davinder") has asked to retire and will be retiring as a Non-Executive Non-Independent Director of the Company pursuant to Regulation 104 of the Company's Constitution at the conclusion of the Company's forthcoming Annual General Meeting to be held on 23 April 2024.

Accordingly, he shall relinquish his position as member of the Nominating Committee and Remuneration Committee.

The Company would like to express its gratitude and appreciation towards Davinder's valuable contributions to the Board during his tenure.
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
12/06/2001
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)
1
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.)
Non-Executive Non-Independent Director and Member of the Nominating Committee and Remuneration 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
None
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
100,000 ordinary shares in Delfi Limited
Past (for the last 5 years)
PSA International Pte Ltd
Present
Delfi Limited
Davinder Singh Chambers LLC
Singapore International Arbitration Centre
Singapore International Mediation Centre
Ramsgate Capital Pte Ltd

Other Principal Commitments
Nil