Change - Announcement of Cessation::Resignation of Lead Independent Director

Issuer & Securities

Issuer/ Manager
MTQ CORPORATION LIMITED
Securities
MTQ CORPORATION LIMITED - SG0507000073 - M05
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
29-Jul-2024 17:25:55
Status
New
Announcement Sub Title
Resignation of Lead Independent Director
Announcement Reference
SG240729OTHR39UH
Submitted By (Co./ Ind. Name)
Tan Lee Fang
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Resignation of Mr Nicholas Campbell Cocks as Lead Independent Director of the Company and his cessation as Chairman of the Nomination and Remuneration Committee and Member of the Audit Committee of the Company.

Additional Details

Name Of Person
Nicholas Campbell Cocks ("Mr Cocks")
Age
58
Is effective date of cessation known?
Yes
If yes, please provide the date
30/07/2024
Detailed Reason (s) for cessation
Mr Cocks has served on the Board for more than 13 years. In view of the nine-year tenure limit for Independent Directors prescribed under Rule 210(5)(d)(iv) of the Listing Manual of the SGX-ST, Mr Cocks has decided to step down and resign as the Lead Independent Director upon conclusion of the Company's forthcoming Annual General Meeting to be held on 30 July 2024, to facilitate Board renewal. Following his resignation, Mr Cocks will cease to be Chairman of the Nomination and Remuneration Committee and Member of the Audit Committee.
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
01/10/2010
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)
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.)
Lead Independent Director,
Chairman of the Nomination and Remuneration Committee and
Member of the Audit Committee
Role and responsibilities
Non-executive and independent.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
No
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
739,373 ordinary shares of MTQ Corporation Limited
Past (for the last 5 years)
Please refer to Appendix A
Present
Please refer to Appendix A

Attachments

Appendix A - Past and current directorships_Nicholas Campbell Cocks.pdf
Total size =225K