News
Change - Announcement Of Resignation Of Non-Independent Non-Executive Director
BackApr 19, 2024
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Apr 19, 2024 7:23 |
| Status | New |
| Announcement Sub Title | Resignation of Non-Independent Non-Executive Director |
| Announcement Reference | SG240419OTHREYIB |
| Submitted By (Co./ Ind. Name) | ARA Trust Management (USH) Pte. Ltd./Lim Kai Lun |
| Designation | Head of Finance |
| Description (Please provide a detailed description of the event in the box below) | Resignation of Mr. Moses K Song as Non-Independent Non-Executive Director |
| Additional Details | |
| Name Of Person | Moses K Song |
| Age | 54 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 19/04/2024 |
| Detailed Reason (s) for cessation | As announced by ESR Group Limited ("ESR") on 11 March 2024, Mr. Song will depart ESR to assume the role of CEO of ARAvest Pte. Ltd.. He will therefore relinquish his role as a Non-Independent Non-Executive Director on 19 April 2024. |
| 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 | 29/08/2018 |
| 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.) | Non-Independent Non-Executive Director |
| 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 | N/A |
| Shareholding interest in the listed issuer and its subsidiaries? | Yes |
| Shareholding Details | 50000 |
| Past (for the last 5 years) | Please refer to Annexure A. |
| Present | Please refer to Annexure B. |
