Change - Announcement of Appointment::Appointment of Operations Director of DFZ Capital Berhad, a subsidiary of the Company

Issuer & Securities

Issuer/ Manager
DUTY FREE INTERNATIONAL LIMITED
Securities
DUTY FREE INTERNATIONALLIMITED - SG2C70966271 - 5SO
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
18-Aug-2016 18:44:16
Status
New
Announcement Sub Title
Appointment of Operations Director of DFZ Capital Berhad, a subsidiary of the Company
Announcement Reference
SG160818OTHRT9M5
Submitted By (Co./ Ind. Name)
Lee Sze Siang
Designation
Executive Director
Description (Please provide a detailed description of the event in the box below)
Appointment of Operations Director of DFZ Capital Berhad, a subsidiary of Duty Free International Limited.

The announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, SAC Advisors Private Limited (formerly known as Canaccord Genuity Singapore Pte. Ltd.) (the "Sponsor") for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (the "SGX-ST"). The Sponsor has not independently verified the contents of this announcement.

This announcement has not been examined or approved by the SGX-ST and 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 Goh Mei Xian (Tel: (65) 6532 3829) at 1 Robinson Road, #21-02 AIA Tower, Singapore 048542.

Additional Details

Date Of Appointment
18/08/2016
Name Of Person
Heyde Hendrik Korbinian
Age
29
Country Of Principal Residence
Malaysia
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
The Nominating Committee (the "NC") and the Board of Directors (the "Board") of the Company have reviewed and approved the appointment of Mr Heyde Hendrik Korbinian ("Mr Hendrik") as the Operations Director of DFZ Capital Berhad, a subsidiary of the Company, based on his past qualifications and work experience.

The NC and the Board believe that Mr Hendrik's experience would be beneficial to the Group.
Whether appointment is executive, and if so, the area of responsibility
Executive

Mr Hendrik is responsible for the Duty Free operations of DFZ Capital Berhad and its subsidiaries in Malaysia.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Operations Director of DFZ Capital Berhad, a subsidiary of the Company.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Nil
Conflict of interests (including any competing business)
Nil
Working experience and occupation(s) during the past 10 years
Mr Hendrik began his career with Gebr. Heinemann SE & Co. KG as a trainee in a dual training system in October 2008. Mr Hendrik completed his degree in International Business Administration, specialising in marketing and international management in 2011. He subsequently spent time abroad for Gebr. Heinemann SE & Co. KG. From October 2011 to September 2015, Mr Hendrik was the Head of Category Perfume & Cosmetics for the Romanian Bordershop business. From October 2015 to May 2016, he was the Terminal Manager in charge of business operations at Heinemann Duty Free Vienna International Airport under the employment of Gebr. Heinemann Wien Gmbh.
Shareholding interest in the listed issuer and its subsidiaries?
No
# These fields are not applicable for announcements of appointments pursuant to Listing Rule 704 (9) or Catalist Rule 704 (8).
Past (for the last 5 years)
Nil
Present
Nil
(a) Whether at any time during the last 10 years, an application or a petition under any bankruptcy law of any jurisdiction was filed against him or against a partnership of which he was a partner at the time when he was a partner or at any time within 2 years from the date he ceased to be a partner?
No
(b) Whether at any time during the last 10 years, an application or a petition under any law of any jurisdiction was filed against an entity (not being a partnership) of which he was a director or an equivalent person or a key executive, at the time when he was a director or an equivalent person or a key executive of that entity or at any time within 2 years from the date he ceased to be a director or an equivalent person or a key executive of that entity, for the winding up or dissolution of that entity or, where that entity is the trustee of a business trust, that business trust, on the ground of insolvency?
No
(c) Whether there is any unsatisfied judgment against him?
No
(d) Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving fraud or dishonesty which is punishable with imprisonment, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such purpose?
No
(e) Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such breach?
No
(f) Whether at any time during the last 10 years, judgment has been entered against him in any civil proceedings in Singapore or elsewhere involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or a finding of fraud, misrepresentation or dishonesty on his part, or he has been the subject of any civil proceedings (including any pending civil proceedings of which he is aware) involving an allegation of fraud, misrepresentation or dishonesty on his part?
No
(g) Whether he has ever been convicted in Singapore or elsewhere of any offence in connection with the formation or management of any entity or business trust?
No
(h) Whether he has ever been disqualified from acting as a director or an equivalent person of any entity (including the trustee of a business trust), or from taking part directly or indirectly in the management of any entity or business trust?
No
(i) Whether he has ever been the subject of any order, judgment or ruling of any court, tribunal or governmental body, permanently or temporarily enjoining him from engaging in any type of business practice or activity?
No
(j) Whether he has ever, to his knowledge, been concerned with the management or conduct, in Singapore or elsewhere, of the affairs of :-
(i) any corporation which has been investigated for a breach of any law or regulatory requirement governing corporations in Singapore or elsewhere; or
No
(ii) any entity (not being a corporation) which has been investigated for a breach of any law or regulatory requirement governing such entities in Singapore or elsewhere; or
No
(iii) any business trust which has been investigated for a breach of any law or regulatory requirement governing business trusts in Singapore or elsewhere; or
No
(iv) any entity or business trust which has been investigated for a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, in connection with any matter occurring or arising during that period when he was so concerned with the entity or business trust?
No
(k) Whether he has been the subject of any current or past investigation or disciplinary proceedings, or has been reprimanded or issued any warning, by the Monetary Authority of Singapore or any other regulatory authority, exchange, professional body or government agency, whether in Singapore or elsewhere?
No
Any prior experience as a director of a listed company?
No
If No, Please provide details of any training undertaken in the roles and responsibilities of a director of a listed company
N/A