News
Change - Announcement Of Cessation Of Non-Executive Director
30 Apr 2018
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Apr 30, 2018 20:50 |
| Status | New |
| Announcement Sub Title | Announcement of Cessation - Non-Executive Director |
| Announcement Reference | SG180430OTHRW2H4 |
| Submitted By (Co./ Ind. Name) | Thomas Sean Murphy |
| Designation | Executive Chairman and Global Chief Executive Officer |
| Description (Please provide a detailed description of the event in the box below) | DBS Bank Ltd. was the issue manager and underwriter (the "Issue Manager and Underwriter") for the initial public offering of shares in, and listing of, Procurri Corporation Limited on the Main Board of Singapore Exchange Securities Trading Limited. The Issue Manager and Underwriter assumes no responsibility for the contents of this announcement. |
| Additional Details | |
| Name Of Person | Lim Swee Yong |
| Age | 38 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 30/04/2018 |
| Detailed Reason (s) for cessation | Mr. Lim Swee Yong ("Mr. Lim") was due to retire by rotation pursuant to the Company's Constitution at the Annual General Meeting on 30 April 2018 ("AGM") and did not seek re-election. He retired as a Non-Executive Director of the Company at the conclusion of the AGM and concurrently ceased to be member of the Audit, Remuneration and Nominating Committees. |
| 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 | 27/06/2016 |
| 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 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Non-Executive Director, Member of the Audit Committee, Member of the Remuneration Committee, Member of the Nominating Committee |
| Role and responsibilities | Non-Executive Director, Member of the Audit Committee, Member of the Remuneration Committee, Member of the Nominating 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? | Yes |
| Shareholding Details | 110,100 ordinary shares |
| Past (for the last 5 years) | Asia Wiring Systems Pte Ltd |
| Present | DeClout Ventures Pte. Ltd. vCargo Cloud Pte. Ltd. |