Announcement Title | Change - Announcement of Cessation |
Date & Time of Broadcast | Dec 23, 2021 18:30 |
Status | New |
Announcement Sub Title | Resignation of Lead Independent Non-Executive Director |
Announcement Reference | SG211223OTHRFM4F |
Submitted By (Co./ Ind. Name) | Wong Teek Son |
Designation | Executive Chairman & Chief Executive Officer |
Description (Please provide a detailed description of the event in the box below) | The Board of Directors of Riverstone Holdings Limited (the "Company") would like to announce the resignation of Mr Low Weng Keong as a Lead Independent Non-Executive Director of the Company on 31 December 2021, being the last day of service in the Company. |
Additional Details | |
Name Of Person | Low Weng Keong |
Age | 69 |
Is effective date of cessation known? | Yes |
If yes, please provide the date | 31/12/2021 |
Detailed Reason (s) for cessation | Mr Low Weng Keong resigned as a Lead Independent Non-Executive Director of the Company on 31 December 2021 as part of board rejuvenation, having served on the Board for more than 9 years. |
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 | 02/10/2006 |
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) | 1 |
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 Non-Executive Director, Chairman of the Audit Committee |
Role and responsibilities | Fulfilling the responsibilities of a Lead Independent Non-Executive Director and Chairman of Audit 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) |
NTUC Education and Training Fund (Member of Board of Trustees) (till October 2019) Confederation of Asian and Pacific Accountants Limited (Board Member) (till May 2019) |
Present |
UOL Group Limited Haw Par Corporation Limited iX Biopharma Limited Aquarius Investment Advisors Pte. Ltd. Singapore Institute of Accredited Tax Practitioners Limited |
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Disclaimer
Riverstone Holdings Limited published this content on 23 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 December 2021 10:36:05 UTC.