Change - Announcement of Cessation::Retirement of Independent Director at Forthcoming Annual General Meeting

Issuer & Securities

Issuer/ Manager
MANHATTAN RESOURCES LIMITED
Securities
MANHATTAN RESOURCES LIMITED - SG1I14879601 - L02

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
14-Apr-2014 17:28:48
Status
New
Announcement Sub Title
Retirement of Independent Director at Forthcoming Annual General Meeting
Announcement Reference
SG140414OTHREP13
Submitted By (Co./ Ind. Name)
Madelyn Kwang
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
The Board would like to record its appreciation to Mr Shinohara for his contribution and guidance to the Group during his tenure.

The Board is currently actively evaluating suitable replacement and will make an announcement in due course.

Additional Details

Name Of Person
Hirochika Shinohara
Age
39
Is effective date of cessation known?
Yes
If yes, please provide the date
30/04/2014
Detailed Reason (s) for cessation
Mr Shinohara has decided to step down as Director at the forthcoming annual general meeting due to health reasons.

Following his retirement, Mr Shinohara also ceases to be the Chairman of Remuneration and Nominating Committees.
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
27/02/2012
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
5
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Director, Chairman of Remuneration and Nominating Committees.
Role and responsibilities
Usual duties of an Independent Director, duties as Chairman of Remuneration and Nominating Committees as covered in the terms of reference of the respective Committees.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Not Applicable.
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
PT. Bangun Prima Semesta; and PT. Cendikia Global Solusi
Present
PT. Guzzilla International; and PT. Daisho Precision