Change - Announcement of Cessation::Cessation as Director and Non-Executive Chairman of the Board

Issuer & Securities

Issuer/ Manager
GL LIMITED
Securities
GL LIMITED - BMG392401094 - B16
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
16-Sep-2016 17:25:27
Status
New
Announcement Sub Title
Cessation as Director and Non-Executive Chairman of the Board
Announcement Reference
SG160916OTHRKIW7
Submitted By (Co./ Ind. Name)
SUSAN LIM
Designation
GROUP COMPANY SECRETARY
Description (Please provide a detailed description of the event in the box below)
Cessation as Director and Non-Executive Chairman of the Board

Additional Details

Name Of Person
Quek Leng Chan
Age
73
Is effective date of cessation known?
Yes
If yes, please provide the date
15/09/2016
Detailed Reason (s) for cessation
Internal restructuring of the Hong Leong Group (of which the Company is a member)
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
19/08/1997
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)
2
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Director and Non-Executive Chairman of the Board
Role and responsibilities
Mr Quek Leng Chan was the Non-Executive Chairman of the Board and a Director of the Company.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Brother of Mr Kwek Leng Hai
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
Direct Interest - 735,000 ordinary shares in GL Limited; Deemed Interest - 922,283,734 ordinary shares in GL Limited.
Past (for the last 5 years)
See Annex A.
Present
See Annex B.

Attachments