Change - Announcement Of Cessation Of Development Manager
Apr 25, 2019
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| Announcement Title | Change - Announcement of Cessation |
| Announcement Subtitle | Cessation of Development Manager |
| Securities | SLB DEVELOPMENT LTD. (SLB) |
| Date & Time of Broadcast | Apr 25, 2019 17:17 |
| Submitted By | Ong Eng Keong Executive Director and CEO |
| Description | Cessation of Development Manager. This announcement has been prepared by the Company and its contents have been reviewed by the Company's Sponsor, SAC Capital Private Limited (the "Sponsor") for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (the "SGX-ST"). The Sponsor has not independently verified the contents of this announcement. This announcement has not been examined or approved by the SGX-ST and the SGX-ST assumes no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made or reports contained in this announcement. The contact person for the Sponsor is Ms Tay Sim Yee, at 1 Robinson Road, #21-00 AIA Tower, Singapore 048542, telephone: 65 6232 3210. |
| Cessation Details | |
| Name of person | Tiny |
| Age | 34 |
| Is effective date of cessation known? | Yes |
| Effective date for cessation | May 14, 2019 |
| Detailed reason(s) for cessation | To pursue personal interests. Ms Tiny's responsibilities will be overseen by Mr Lawrence Lee, the General Manager of the Company. For the purpose of Catalist Rule 704(6)(b), Ms Tiny has confirmed that she is not aware of any irregularities in the Company and its subsidiaries which have a material impact on the Group, including financial reporting. The Sponsor, after having interviewed Ms Tiny, is satisfied that other than as disclosed in this announcement, there are no other material reasons for her cessation as Development Manager. |
| 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 | Jan 1, 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 this account this cessation) | 2 |
| Number of cessations of appointments specified in Listing Rule 704(7) or Catalist Rule 704(6) over the past 12 months | 1 |
| Job Title | Development Manager |
| Role and responsibilities | She is responsible for developing the design brief, design concept and project costing. She is in charge of preparing and vetting presentation plans, undertakes supervisory responsibilities for assigned projects from inception, conceptualisation, and design to project completion, monitoring and managing execution of assigned projects. She also monitors the status of our Group's licence and permit applications with the relevant authorities and is involved in the processes occurring after TOP and CSC including handover of units and the formation of the MCST. |
| 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? | No |
| Past (for the last 5 years) | Nil |
| Present | Nil |