News
Change - Announcement Of Cessation Of Non-Independent Non-Executive Director - Mr Loke Wai San
16 Jun 2022
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Jun 16, 2022 6:22 |
| Status | New |
| Announcement Sub Title | Cessation of Non-Independent Non-Executive Director - Mr Loke Wai San |
| Announcement Reference | SG220616OTHRZ49K |
| Submitted By (Co./ Ind. Name) | Thomas Sean Murphy |
| Designation | Executive Director |
| Description (Please provide a detailed description of the event in the box below) | The Board of Directors wishes to announce the resignation of Mr. Loke Wai San as Non-Independent Non- Executive Director of the Company with effect from 15 June 2022. |
| Additional Details | |
| Name Of Person | Loke Wai San |
| Age | 54 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 15/06/2022 |
| Detailed Reason (s) for cessation | Novo Tellus PE Fund 2, L.P. ("NT") has tendered 100% of its shares in acceptance of the Mandatory General Offer ("MGO") underway for Procurri. Accordingly, NT is no longer a shareholder of Procurri and as such, is resigning its nominated Director to facilitate appropriate shareholder representation and governance for 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 | 29/04/2019 |
| 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) | 3 |
| 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.) | Non-Independent Non-Executive Director, Member of Audit, Nominating, Remuneration and Strategy Committees |
| Role and responsibilities | Non-Independent Non-Executive Director |
| Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries | None |
| Shareholding interest in the listed issuer and its subsidiaries? | No |
| Past (for the last 5 years) | Accellion Inc. Luxim Corporation Inc. Luma International Holdings Pte Ltd The Novo Tellus Group Novoflex Pte. Ltd. Smartflex Innovation Pte. Ltd. Smartflex Innovation Pte. Ltd. Enterprise Singapore |
| Present | AEM Holdings Ltd. Sunningdale Tech Ltd Grand Venture Technology Limited Novo Tellus Capital Partners Pte. Ltd. Sunrise Technology Investment Holding (Cayman) Pte. Ltd. Sunrise Technology Investment Holding Pte. Ltd. Integrated Circuits Pte Ltd Novo Tellus Alpha Acquisition |