Change - Announcement of Cessation::Announcement of Retirement of Independent Non-Executive Director

Issuer & Securities

Issuer/ Manager
THE HOUR GLASS LIMITED
Securities
THE HOUR GLASS LIMITED - SG1AE9000009 - AGS
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
30-Jul-2018 18:00:23
Status
New
Announcement Sub Title
Announcement of Retirement of Independent Non-Executive Director
Announcement Reference
SG180730OTHRBLPE
Submitted By (Co./ Ind. Name)
Christine Chan
Designation
Company Secretary
Effective Date and Time of the event
30/07/2018 00:00:00
Description (Please provide a detailed description of the event in the box below)
Retirement of Ms Saw Phaik Hwa as Independent Non-Executive Director and member of Audit Committee of The Hour Glass Limited ("Company").

Additional Details

Name Of Person
Ms Saw Phaik Hwa
Age
63
Is effective date of cessation known?
Yes
If yes, please provide the date
30/07/2018
Detailed Reason (s) for cessation
Ms Saw Phaik Hwa was due to retire by rotation pursuant to the Company's Constitution at the Annual General Meeting on 30 July 2018 ("AGM") and did not seek re-election as she wished to spend more time on other pursuits and areas of interest. Ms Saw retired as Independent Non-Executive Director at the conclusion of the AGM and concurrently ceased to be a member of 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
01/09/2012
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)
4
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
2
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Non-Executive Director and member of the Audit Committee.
Role and responsibilities
Independent Non-Executive Director and member of the Audit 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)
See Rider A.
Present
See Rider A.

Attachments

Rider A.pdf
Total size =75K