Change - Announcement of Cessation::RETIREMENT OF INDEPENDENT DIRECTOR

Issuer & Securities

Issuer/ Manager
INTERRA RESOURCES LIMITED
Securities
INTERRA RESOURCES LIMITED - SG1R37924805 - 5GI
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
21-Apr-2023 17:27:40
Status
New
Announcement Sub Title
RETIREMENT OF INDEPENDENT DIRECTOR
Announcement Reference
SG230421OTHR76XY
Submitted By (Co./ Ind. Name)
MARCEL TJIA
Designation
CHIEF EXECUTIVE OFFICER
Description (Please provide a detailed description of the event in the box below)
RETIREMENT OF INDEPENDENT DIRECTOR

Additional Details

Name Of Person
ALLAN CHARLES BUCKLER
Age
76
Is effective date of cessation known?
Yes
If yes, please provide the date
21/04/2023
Detailed Reason (s) for cessation
Mr. Buckler is retiring pursuant to Regulation 100 of the constitution of the Company and will not be seeking re-election.

The Board of Directors wishes to record its appreciation to Mr. Buckler for his contributions to 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?
Yes
If Yes, Please provide full details
Following Mr. Buckler's resignation, the number of Audit Committee members falls below the minimum number of 3 members as required under Rule 704(8) of the Listing Manual of the Singapore Exchange Securities Trading Limited, Section 201B of the Companies Act 1967 of Singapore and the provisions set forth in the Code of Corporate Governance 2018 ("Code"). There will also be insufficient members in the Nominating Committee and Remuneration Committee pursuant to the provisions set forth in the Code.

The Company is endeavouring to fill the vacancy in the Audit Committee within two months, but in any case, not later than three months, from 21 April 2023.

The Company will also endeavour to fill the vacancies in the Nominating Committee and Remuneration Committee within the same time frame.
Date of Appointment to current position
14/12/2004
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)
2
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Director, Audit Committee Member, Nominating Committee Chairman, and Remuneration Committee Member
Role and responsibilities
Roles and responsibilities of an Independent Director, Audit Committee Member, Nominating Committee Chairman, and Remuneration Committee Member
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
Direct interest in 6,458,400 ordinary shares of the Company
Other Directorships
Past (for the last 5 years)
None
Present
Morella Corporation Limited
Sayona Mining Limited
Worldwide Investments Pte. Ltd.