Investor Relations - News
Change - Announcement Of Resignation Of Lead Independent Director
BackJul 29, 2024
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Jul 29, 2024 17:25 |
| Status | New |
| Announcement Sub Title | Resignation of Lead Independent Director |
| Announcement Reference | SG240729OTHR39UH |
| Submitted By (Co./ Ind. Name) | Tan Lee Fang |
| Designation | Company Secretary |
| Description (Please provide a detailed description of the event in the box below) | Resignation of Mr Nicholas Campbell Cocks as Lead Independent Director of the Company and his cessation as Chairman of the Nomination and Remuneration Committee and Member of the Audit Committee of the Company. |
| Additional Details | |
| Name Of Person | Nicholas Campbell Cocks ("Mr Cocks") |
| Age | 58 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 30/07/2024 |
| Detailed Reason (s) for cessation | Mr Cocks has served on the Board for more than 13 years. In view of the nine-year tenure limit for Independent Directors prescribed under Rule 210(5)(d)(iv) of the Listing Manual of the SGX-ST, Mr Cocks has decided to step down and resign as the Lead Independent Director upon conclusion of the Company's forthcoming Annual General Meeting to be held on 30 July 2024, to facilitate Board renewal. Following his resignation, Mr Cocks will cease to be Chairman of the Nomination and Remuneration Committee and Member of the Audit Committee. |
| 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 | 01/10/2010 |
| Does the AC have a minimum of 3 members (taking into account this cessation)? | No |
| Number of Independent Directors currently resident in Singapore (taking into 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 (e.g. Lead ID, AC Chairman, AC Member etc.) | Lead Independent Director, Chairman of the Nomination and Remuneration Committee and Member of the Audit Committee |
| Role and responsibilities | Non-executive and independent. |
| Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries | No |
| Shareholding interest in the listed issuer and its subsidiaries? | Yes |
| Shareholding Details | 739,373 ordinary shares of MTQ Corporation Limited |
| Past (for the last 5 years) | Please refer to Appendix A |
| Present | Please refer to Appendix A |
Attachments
- Appendix A (Size: 231,281 bytes)