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

Issuer & Securities

Issuer/ Manager
FRASER AND NEAVE LIMITED.
Securities
FRASER AND NEAVE, LIMITED - SG1T58930911 - F99
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
13-Dec-2022 17:33:41
Status
New
Announcement Sub Title
Cessation of Independent and Non-Executive Director
Announcement Reference
SG221213OTHRI1CK
Submitted By (Co./ Ind. Name)
Samuel Lee
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Cessation of Independent and Non-Executive Director.

Additional Details

Name Of Person
Tengku Syed Badarudin Jamalullail
Age
77
Is effective date of cessation known?
Yes
If yes, please provide the date
18/01/2023
Detailed Reason (s) for cessation
Tengku Syed will be considered non-independent with effect from 8 January 2023 solely on account of having completed nine consecutive years of service on the Board of the Issuer. In support of the Board renewal process, he has decided to relinquish his appointment as Lead Independent Director and Chairman of the Nominating Committee at the end of 7 January 2023, and will retire after the conclusion of the Annual General Meeting of the Issuer on 18 January 2023.
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
08/01/2014
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
4
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Nominating Committee (Chairman) and Lead Independent Director, until the end of 7 January 2023
Role and responsibilities
Nominating Committee (Chairman) and Lead Independent Director, until the end of 7 January 2023
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?
Yes
Shareholding Details
2,062,000 shares in Fraser & Neave Holdings Bhd, a Bursa Malaysia-listed subsidiary of the Issuer
Other Directorships
Past (for the last 5 years)
Listed Companies
Hwang Capital (Malaysia) Berhad

Others
Berkat Restu Sdn Bhd (de-registered from the Companies Commission of Malaysia on 7 November 2018)
HDM Capital Sdn Bhd
Present
Listed Companies
Fraser & Neave Holdings Bhd (Chairman)

Others
Besar Holdings Sdn Bhd
Mega SPJ Sdn Bhd
Pusat Dialisis Centre Tuanku Syed Putra NKF - Chairman
Tuanku Syed Putra Foundation
Vacaron Company Sdn Bhd