News
Change - Announcement Of Cessation Of Executive Officer - Head Of Asia-Pacific
29 Jun 2018
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Jun 29, 2018 17:56 |
| Status | New |
| Announcement Sub Title | Announcement of Cessation - Executive Officer |
| Announcement Reference | SG180629OTHRT1DZ |
| 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 | Poh Yee Tiong |
| Age | 51 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 30/06/2018 |
| Detailed Reason (s) for cessation | Mr. Poh has resigned from his role to pursue other opportunities. With his resignation, Mr. Poh will relinquish his role as Executive Officer of the Company and the Group's Head of Asia-Pacific with effect from 30 June 2018, but will remain with the Group until his last day of service on 29 September 2018 to ensure a smooth transition and complete handover. Mr. Matthew R. Trial will be succeeding Mr. Poh as Executive Officer of the Company and the Group's Head of Asia-Pacific. The particulars of Mr. Trial's appointment will be announced separately via SGXNet. |
| 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 | 01/02/2015 |
| 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 | 1 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Head of Asia-Pacific |
| Role and responsibilities | In his role as Head of Asia-Pacific, Mr. Poh oversaw the performance of the Group in Asia and the expansion of its geographic coverage and customer base. |
| 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 | 374,000 ordinary shares in Procurri Corporation Limited |
| Past (for the last 5 years) | Allied Knights Pte Ltd |
| Present | Procurri Asia Pacific Pte. Ltd. Procurri India Private Limited Procurri Singapore Pte. Ltd. Procurri (Beijing) Co., Ltd |