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News
Change - Announcement Of Vacation Of Office Of Executive Chairman, Chief Executive Officer And Executive Director
BackJan 27, 2022
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Jan 27, 2022 1:14 |
| Status | New |
| Announcement Sub Title | Vacation of Office of Executive Chairman, Chief Executive Officer and Executive Director |
| Announcement Reference | SG220127OTHRPOA8 |
| Submitted By (Co./ Ind. Name) | Siau Kuei Lian |
| Designation | Company Secretary |
| Description (Please provide a detailed description of the event in the box below) | Vacation of Office of Mr David Alan Perry as Executive Chairman, Chief Executive Officer and Executive Director |
| Additional Details | |
| Name Of Person | David Alan Perry |
| Age | 80 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 26/01/2022 |
| Detailed Reason (s) for cessation | Mr David Alan Perry will vacate his office as Executive Chairman, Chief Executive Officer and Executive Director of the Company and its subsidiaries due to his current health condition |
| 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 | 28/10/2011 |
| 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) | 4 |
| Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months | 0 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Executive Chairman, Chief Executive Officer, Executive Director and Member of Nominating Committee |
| Role and responsibilities | Responsible for the overall business development and strategic planning of the Group |
| 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? | Yes |
| Shareholding Details | Mr Perry is deemed to be interested in 131,878,138 ordinary shares held by PDAC Private Limited as he is the sole shareholder of PDAC Private Limited and 5,036,972 ordinary shares held through Citibank Nominees Singapore Pte Ltd |
| Past (for the last 5 years) | Nil |
| Present | 1) Master Projects Pte Ltd 2) Overseas Family School Limited 3) Overseas Family School Limited (Hong Kong) 4) Centre for Advanced Medicine Limited 5) Feedback Research Limited 6) PDAC Private Limited |
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