Change - Announcement of Cessation::Resignation of the Non-Executive Non-Independent Chairman

Issuer & Securities

Issuer/ Manager
QT VASCULAR LTD.
Securities
QT VASCULAR LTD. - SG2G82000008 - 5I0
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
03-Jun-2016 21:51:16
Status
New
Announcement Sub Title
Resignation of the Non-Executive Non-Independent Chairman
Announcement Reference
SG160603OTHRU550
Submitted By (Co./ Ind. Name)
Eitan Konstantino
Designation
Chief Executive Officer
Effective Date and Time of the event
03/06/2016 21:50:00
Description (Please provide a detailed description of the event in the box below)
This announcement has been prepared by QT Vascular Ltd. ("Company") and its contents have been reviewed by the Company s sponsor, PrimePartners Corporate Finance Pte. Ltd. ("Sponsor") for compliance with the Singapore Exchange Securities Trading Limited ("SGX-ST") Listing Manual Section B: Rules of Catalist. The Sponsor has not verified the contents of this announcement.

This announcement has not been examined or approved by the SGX-ST. The Sponsor and the SGX-ST assume no responsibility for the contents of this announcement, including the accuracy, completeness or correctness of any of the information, statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Ms. Gillian Goh, Director, Head of Continuing Sponsorship, at 16 Collyer Quay, #10-00 Income at Raffles, Singapore 049318, telephone +65 6229 8088.

Additional Details

Name Of Person
Toe Teow Heng
Age
48
Is effective date of cessation known?
Yes
If yes, please provide the date
03/06/2016
Detailed Reason (s) for cessation
Mr Toe Teow Heng is resigning as his personal work commitments may leave him with insufficient time and resources to carry out and discharge his duties effectively as a Director of the Company.

Based on its enquiries, the Company's Sponsor, PrimePartners Corporate Finance Pte. Ltd. is satisfied that, otherwise as disclosed in this announcement, there are no material reasons for the cessation of Mr Toe Teow Heng as a Director of the Company.

Following his resignation, Mr Toe Teow Heng also relinquished his position as Non-Executive Non-Independent Chairman of the Board of Directors ("Chairman").

The Company will seek a new Chairman soonest possible and will keep shareholders of the Company informed in relation thereto.
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
06/08/2015
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)
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 Chairman
Role and responsibilities
Non-Executive Non-Independent Chairman
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
22,640,625 ordinary shares in the Company

Options comprising 1,215,000 shares in the Company.
Past (for the last 5 years)
Please refer to Annexure A.
Present
Please refer to Annexure A.

Attachments

Annexure A TTH Directorship.pdf
Total size =63K