| Announcement of Cessation of Director and Chairman of the Company, Chairman of the Nominating Committee, Chairman of the Remuneration Committee and member of the Executives' Share Option Scheme Committee | |
| * Asterisks denote mandatory information | |
| Name of Announcer * | GUOCOLAND LIMITED |
| Company Registration No. | 197600660W |
| Announcement submitted on behalf of | GUOCOLAND LIMITED |
| Announcement is submitted with respect to * | GUOCOLAND LIMITED |
| Announcement is submitted by * | Dawn Pamela Lum |
| Designation * | Group Company Secretary |
| Date & Time of Broacast | 14-Sep-2012 18:43:43 |
| Announcement No. | 00135 |
| Price Sensitivity | No |
| >> Announcement Details | |
| The details of the announcement start here ... |
| Name * | Sat Pal Khattar |
| Age * | 69 |
| Is Effective Date of Cessation known? * | Yes |
| Effective Date of Resignation | 12/10/2012 |
| Detailed Reason(s) for cessation * | Mr Sat Pal Khattar has informed the Board of his intention not to offer himself for re-election as Director of the Company at the Company's forthcoming Annual General Meeting to be held on 12 October 2012 ("AGM"). Accordingly, Mr Khattar will cease to be Chairman of the Company, Chairman of the Nominating Committee, Chairman of the Remuneration Committee and member of the Executives' Share Option Scheme Committee, at the conclusion of the AGM. |
| Is there any difference of opinion on material matters between the person and the Board of directors? * | No |
| If yes, please elaborate * | NA |
| 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 |
| Date of Appointment to current position * | 01/08/1990 |
| Job Title * | Director and Chairman of the Company, Chairman of the Nominating Committee, Chairman of the Remuneration Committee and member of the Executives' Share Option Scheme Committee |
| Role and responsibilities * | 1. The Chairman chairs all Board meetings and leads the Board in its oversight of management. 2. At annual general meetings and other shareholder meetings, the Chairman fosters constructive dialogue between shareholders, the Board and management. |
| 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 resignation) * | 4 |
| Number of Cessations of persons specified in Rule 704(7) of the Listing Manual over the past 12 months * | 1 (excluding this cessation) |
| Shareholding in the listed issuer and its subsidiaries * | 1. Shareholding in GuocoLand Limited ("GLL"): An aggregate of 18,475,308 ordinary shares in which Mr Khattar has a direct and deemed interest. 2. Direct interest in 152,700 ordinary shares in GuocoLand (Malaysia) Berhad (subsidiary of GLL). |
| Family relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries * | Nil |
| >> Other Directorship # | |
| # These fields are not applicable for announcements of appointments pursuant to Rule 704(9) | |
| Past (for the last five years) * | Crest Communication (S) Pte Ltd Edutech Investments (India) Pte Ltd Gurgaon Technology Park Ltd India Infoline Ltd (listed in India) Infotech Solutions Pte Ltd Savant Infocomm Pte Ltd AEC.Edu Group Pte Ltd Singapore Pools (Private) Limited Reputex HK Limited Technowledge Asia Pte Ltd Shalimar Singapore Pte Ltd |
| Present * | GuocoLeisure Limited Haw Par Corporation Limited Guoco Group Limited (listed in Hong Kong) Gateway Distriparks Ltd (listed in India) |
| Attachment(s) | 20120914_184343_F17_02E7859CD527DA2648257A7800156844.1.pdf |
© 2012 SGX News
