Change - Announcement Of Resignation Of Independent Non-Executive Director
BackOct 01, 2018
| Announcement Title | Change - Announcement of Cessation |
| Announcement Subtitle | Resignation of Independent Non-Executive Director |
| Securities | NETLINK NBN TRUST (NETLINK) |
| Date & Time of Broadcast | Oct 1, 2018 6:15 |
| Submitted By | Lai Kuan Loong, Victor Company Secretary |
| Description | Resignation of Independent Non-Executive Director The joint issue managers of the initial public offering and listing of NetLink NBN Trust were DBS Bank Ltd., Morgan Stanley Asia (Singapore) Pte., and UBS AG, Singapore Branch. The joint underwriters of the initial public offering and listing of NetLink NBN Trust were DBS Bank Ltd., Morgan Stanley Asia (Singapore) Pte., UBS AG, Singapore Branch, Merrill Lynch (Singapore) Pte. Ltd., Citigroup Global Markets Singapore Pte. Ltd., The Hongkong and Shanghai Banking Corporation Limited, Singapore Branch, Oversea-Chinese Banking Corporation Limited, and United Overseas Bank Limited. The joint issue managers and joint underwriters of the initial public offering assume no responsibility for the contents of this announcement. |
| Cessation Details | |
| Name of person | Mr Irving Tan Tiang Yew |
| Age | 48 |
| Is effective date of cessation known? | Yes |
| Effective date for cessation | Oct 1, 2018 |
| Detailed reason(s) for cessation | Mr Tan resigned as an Independent Non-Executive Director as he has relocated from Singapore to the United States to take on a global role with his company. Consequently, he will also relinquish his position as a member of the Nominating and Remuneration 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 | Feb 21, 2017 |
| 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) | 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 | Independent Non-Executive Director, Member of the Nominating and Remuneration Committee |
| Role and responsibilities | Independent Non-Executive Director, Member of the Nominating and Remuneration Committee |
| Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidaries | None |
| Shareholdings interest in the listed issuer and its subsidaries? | No |
| Other directorships | |
| Past (for the last 5 years) | - NetLink Management Pte. Ltd. - JouleX GK - Cisco System GK |
| Present | Nil |