Retirement of Independent Director
| CHANGE – ANNOUNCEMENT OF CESSATION::RETIREMENT OF INDEPENDENT DIRECTOR | ||
| Issuer & Securities | ||
| Issuer/ Manager | 合盛农业集团有限公司 | |
| Securities | HALCYON AGRI CORPORATION LTD – SG2F48989824 – 5VJ
HALCYONAGRI US$150M4.5%PERPSEC – XS1602310176 – 6V2B |
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| Stapled Security | No | |
| Announcement Details | ||
| Announcement Title | Change – Announcement of Cessation | |
| Date & Time of Broadcast | 23-Apr-2019 20:30:47 | |
| 进展状况 | New | |
| Announcement Sub Title | Retirement of Independent Director | |
| Announcement Reference | SG190423OTHRL7YP | |
| Submitted By (Co./ Ind. Name) | Pascal Demierre | |
| 指定 | Executive Director | |
| Description (Please provide a detailed description of the event in the box below) | Mr Raymond John Ferguson retired from office by rotation pursuant to Regulation 91 of the Constitution of the Company | |
| Additional Details | ||
| Name of Person | RAYMOND JOHN FERGUSON | |
| Age | 56 | |
| Is effective date of cessation known? | Yes | |
| If yes, please provide the date | 23/04/2019 | |
| Detailed Reason (s) for cessation | Mr Ferguson has been appointed as the Non-executive Chairman of HeveaConnect Pte. Ltd. (“HeveaConnect”), which spearheads the Group’s digitalisation strategy in developing the world’s first digital marketplace for natural rubber. His decision to step down as the Company’s Director demonstrates a statement of impartiality, and commitment to deliver independence in dealings with other investors of HeveaConnect. | |
| 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 the shareholders of the listed issuer? | No | |
| Date of Appointment to current position | 15/11/2016 | |
| Does the AC have a minimum of 3 members (taking into account this cessation)? | Yes | |
| Number of Independent Directors currently residing in Singapore (taking into account this cessation) | 5 | |
| Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 706 (6) over the past 12 months | 1 | |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Independent Director | |
| Roles and responsibilities | Duties of an Independent Director and Chairman of the Strategy and Investment Committee | |
| Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries | Nil | |
| Shareholding interest in the listed issuer and its subsidiaries? | No | |
| Past (for the last 5 years) | (i) Executive Director and CEO, Standard Chartered Bank (Singapore) Limited (ii) Director, Standard Chartered Holdings (Singapore) Private Limited (iii) President Commissioner, PT Bank Permata TBK (listed on the Indonesia Stock Exchange) (iv) Chairman, Standard Chartered Bank (Mauritius) Limited (v) Chairman, Standard Chartered Bank (Thai) Public Company Limited (vi) Deputy Chairman, Standard Chartered Bank Malaysia Berhad (vii) Non-Executive Director, Standard Chartered Saadiq Berhad (viii) Non-Executive Director, Standard Chartered Bank (Vietnam) Limited (ix) Non-Executive Director, Clifford Capital Pte. Ltd. (x) Director, Human Capital Leadership Institute (xi) Deputy Chairman, ABC Islamic Bank (E.C.) (xii) Executive Chairman, Asian Pillars Global Capital Pte. Ltd. (xiii) Independent Director, Halcyon Agri Corporation Limited |
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| Present | (i) Non-Executive Independent Chairman, HeveaConnect Pte. Ltd. (ii) Non-Executive Independent Chairman, Singapore Life Pte Ltd (iii) Chairman, Caber Partners Pte Ltd (iv) Chairman, Caber Financial Ptd Ltd (v) Chairman, Valwyn Pte Ltd (vi) Non-Executive Director, LenddoEFL International (vii) Non-Executive Independent Chairman, Youtap Limited |
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