Change - Announcement of Cessation::Resignation of Independent Non-Executive Director Geoffrey McNamara

Issuer & Securities

Issuer/ Manager
ALITA RESOURCES LIMITED
Securities
ALITA RESOURCES LIMITED - AU0000031270 - 40F
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
18-Dec-2019 13:18:28
Status
New
Announcement Sub Title
Resignation of Independent Non-Executive Director Geoffrey McNamara
Announcement Reference
SG191218OTHRTGUE
Submitted By (Co./ Ind. Name)
Alexei Fedotov
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
This announcement has been prepared by the Company and its contents have been reviewed by the Company s sponsor, PrimePartners Corporate Finance Pte. Ltd. (the Sponsor ) in accordance with Rules 226(2)(b) and 753(2) of the Singapore Exchange Securities Trading Limited (the SGX-ST ) Listing Manual Section B: Rules of Catalist.

The SGX-ST assumes no responsibility for the contents of this announcement, including the correctness of any of the 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 (Mailing Address: 16 Collyer Quay, #10-00 Income at Raffles, Singapore 049318 and Email: sponsorship@ppcf.com.sg).

Additional Details

Name Of Person
Geoffrey William McNamara
Age
49
Is effective date of cessation known?
Yes
If yes, please provide the date
17/12/2019
Detailed Reason (s) for cessation
The powers of Directors have been suspended since the appointment of the Administrators to the Company on 28 August 2019. The Director's services are no longer required.

After having interviewed Mr McNamara and to the best of its knowledge, the Company's sponsor, PrimePartners Corporate Finance Pte. Ltd., is satisfied that save as disclosed in this announcement, there are no other material reasons for the cessation of Mr McNamara as the Independent Non-Executive Director of 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?
No
Date of Appointment to current position
14/12/2018
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)
0
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
6
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Non-Executive Chairman and Member of Remuneration and Nomination Committee
Role and responsibilities
Roles and responsibilities as Independent Non-Executive Chairman and Member of Remuneration and Nomination Committee
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Nil
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
AUC, LLC.
Reno Creek Mantle Diamonds Limited
Cora Gold Limited
Present
Access Asia Mining Pte. Ltd.
Culpeo Minerals Limited
Rincon Resources Limited
Tesoro Resources Limited
Singapore Mining Club Ltd.