Change - Announcement of Cessation::Announcement of Cessation as General Manager of Artimedia Technologies Ltd
Issuer & Securities
Issuer/ Manager
ARTIVISION TECHNOLOGIES LTD.
Securities
ARTIVISION TECHNOLOGIES LTD. - SG1X21941023 - 5NK
Stapled Security
No
Announcement Details
Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
27-Feb-2015 17:35:48
Status
New
Announcement Sub Title
Announcement of Cessation as General Manager of Artimedia Technologies Ltd
Announcement Reference
SG150227OTHRFZYR
Submitted By (Co./ Ind. Name)
Soh Sai Kiang
Designation
Non-Executive Chairman
Description (Please provide a detailed description of the event in the box below)
The announcement has been prepared by the Company and its contents have been reviewed by the Company's Sponsor, Canaccord Genuity Singapore Pte. Ltd. (Sponsor), for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (SGX-ST).
The Sponsor has not independently verified the contents of the announcement.
The announcement has not been examined or approved by the SGX-ST and the SGX-ST assumes no responsibility for the contents of the announcement, including the correctness of any of the statements or opinions made or reports contained in the announcement.
The contact person for the Sponsor is Ms Karen Soh, Managing Director, Corporate Finance, Canaccord Genuity Singapore Pte. Ltd. at 77 Robinson Road #21-02 Singapore 068896, telephone (65) 6854 6160.
Additional Details
Name Of Person
Dvir Doron
Age
42
Is effective date of cessation known?
Yes
If yes, please provide the date
28/02/2015
Detailed Reason (s) for cessation
To pursue other career opportunities.
The Company's sponsor, Canaccord Genuity Singapore Pte. Ltd., after having interviewed Mr Dvir Doron, is satisfied that, other than as disclosed in this announcement, there are no other material reasons for the cessation of Mr Dvir Doron.
In the interim period before a suitable successor is identified, the role and responsibilities of the General Manager of Artimedia Technologies Ltd. will be undertaken by Dr Ofer Miller (Executive Director & Chief Technology Officer). The Board of Directors of the Company is of the view that there will be continued smooth functioning of the Group subsequent to Mr Dvir Doron's cessation.
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
04/06/2014
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)
4
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
General Manager of Artimedia Technologies Ltd.
Role and responsibilities
Responsible for the operations and the sales performance of Artimedia Technologies Ltd. in Israel.
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?
No
Past (for the last 5 years)
None
Present
None
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