| Announcement Title |
Change - Announcement of Cessation |
| Announcement Subtitle |
Cessation of Independent Director |
| Securities |
COSMOSTEEL HOLDINGS LIMITED (COSMOSTE)
|
| Date & Time of Broadcast |
Jun 30, 2015 17:36 |
| Submitted By |
Ong Chin Sum
Chief Executive Officer |
| Description |
Cessation of Independent Director |
| Cessation Details |
| Name of person |
Geraldine Ong Siew Ting |
| Age |
53 |
| Is effective date of cessation known? |
Yes |
| Effective date for cessation |
Jun 30, 2015 |
| Detailed reason(s) for cessation |
Ms Geraldine Ong Siew Ting ("Ms Ong") has decided to step down from the Board following the recent changes to the composition of the Board which has increased the number of the Directors to a total of 9 directors. In light of this, Ms Ong has elected to step down to keep the size of the board appropriate for the Group, given the nature and scope of the Group's operations. |
| 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 |
Mar 28, 2007 |
| Does the AC have a minimum of 3 members (taking into account this cessation)? |
Yes |
| Number of independent directors currently resident in Singapore (taking this 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 |
0 |
| Job Title |
Independent Director, Chairman of the Remuneration Committee and member of Audit and Nominating Committee
|
| Role and responsibilities |
Assumed the roles and responsibilities of an Independent Director, Chairman of the Remuneration Committee and member of Audit and Nominating Committee |
| Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidaries |
Nil |
| Shareholdings interest in the listed issuer and its subsidaries? |
Yes |
| Shareholding Details |
125,000 shares in Cosmosteel Holdings Limited |
| Other directorships |
| Past (for the last 5 years) |
Singapore-China Youth Culture Exchange Pte. Ltd.
Threeeightnine International Holdings Pte. Ltd. |
| Present |
Drew & Napier LLC
IO Singapore DCAAS Pte. Ltd.
IO Singapore Management Pte. Ltd.
Odysseus Capital Management Pte. Ltd.
Textappealasia Private Limited
Shemen Energy Pte. Ltd.
Global East Consultancy Pte. Ltd.
FTS Pte. Ltd.
|
