Change - Announcement Of Cessation :: Announcement Of Cessation Of Independent Director
BackApr 20, 2015
| Announcement Title | Change - Announcement of Cessation |
| Announcement Subtitle | Announcement of Cessation of Independent Director |
| Securities | UNITED FIBER SYSTEM LIMITED (UNIFIBE) |
| Date & Time of Broadcast | Apr 20, 2015 22:41 |
| Submitted By | Lim Ka Bee Company Secretary |
| Description | Please refer to the information below. |
| Cessation Details | |
| Name of person | Rahul Kumar |
| Age | 45 |
| Is effective date of cessation known? | Yes |
| Effective date for cessation | Apr 20, 2015 |
| Detailed reason(s) for cessation | Mr Rahul cessation in accordance with the Clause 4.2(b)(v) of the share purchase agreement entered into between the Company and DSS dated 11 July 2013 in relation to the Proposed Acquisition. |
| 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 | Nov 10, 2009 |
| 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) | 3 |
| Number of cessations of appointments specified in Listing Rule 704(7) or Catalist Rule 704(6) over the past 12 months | 3 |
| Job Title | Independent Director, NC Chairman, Member of AC and RC |
| Role and responsibilities | Role and responsibilities of Independent Director, and that of NC Chairman, member of AC and RC. |
| 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 | Mr Rahul has a deemed interest in 600,000 shares in United Fiber System Limited. |
| Other directorships | |
| Past (for the last 5 years) | Nil |
| Present | ARCS Advisors Pte Ltd., Singapore Premdhi Farms Pvt Ltd, India ARCS Advisors Pvt Ltd, India |