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Change - Announcement Of Retirement Of Executive Director

BackApr 12, 2016
Announcement Title Change - Announcement of Cessation
Announcement Subtitle Retirement of Executive Director
Date & Time of Broadcast Apr 12, 2016 18:25
Submitted By Sim Mong Huat
Executive Director
Description Retirement of Executive Director
Cessation Details
Name of person Hendrik Gezinus Tappel
Age 55
Is effective date of cessation known? Yes
Effective date for cessation Apr 28, 2016
Detailed reason(s) for cessation Mr Hendrik Gezinus Tappel is retiring under Article 89 of the Company's Constitution and has decided not to offer himself for re-election as a Director at the Annual General Meeting to be held on 28 April 2016. However, Mr Tappel will continue to serve as an Executive Director with Frencken Europe B.V., a wholly-owned subsidiary of the Company.
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 Dec 31, 2009
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) 3
Number of cessations of appointments specified in Listing Rule 704(7) or Catalist Rule 704(6) over the past 12 months 1
Job Title Executive Director
Role and responsibilities Responsible for the day-to-day management and operations of the Group's Europe Mechatronics Division.
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? Yes
Shareholding Details Deemed interest in 67,000 ordinary shares in Frencken Group Limited.
Other directorships
Past (for the last 5 years) Nil
Present Frencken Europe B.V.