News

Change - Announcement Of CessationOf Non-Independent And Non-Executive Director

BackJan 21, 2020
Announcement Title Change - Announcement of Cessation
Date & Time of Broadcast Jan 21, 2020 7:40
Status New
Announcement Sub Title Announcement of Cessation of Non-Independent and Non-Executive Director
Announcement Reference SG200121OTHR13UY
Submitted By (Co./ Ind. Name) Gwendolyn Gn Jong Yuh
Designation Group Company Secretary
Description (Please provide a detailed description of the event in the box below) Announcement of Cessation of Non-Independent and Non-Executive Director
Additional Details
Name Of Person Mr Pua Seck Guan
Age 55
Is effective date of cessation known? Yes
If yes, please provide the date 20/01/2020
Detailed Reason (s) for cessation As disclosed in the Offer Announcement issued on 25 October 2019 by DBS Bank Ltd., for and on behalf of Yanlord Investment (Singapore) Pte. Ltd., relating to the UEL Offers, it was agreed that Mr Pua Seck Guan will resign as a Non-Independent and Non-Executive Director of United Engineers Limited on the earliest date on which such resignation is permitted under Rule 6.3 of The Singapore Code on Take-overs and Mergers.

The Board of Directors is satisfied that, other than as disclosed in this announcement, there are no material reasons for the resignation of Mr Pua Seck Guan as a Non-Independent and Non-Executive Director of United Engineers Limited.
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 12/09/2017
Does the AC have a minimum of 3 members (taking into account this cessation)? Yes
Number of Independent Directors currently resident in Singapore (taking into 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 0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) Non-Independent and Non-Executive Director and Member of the Remuneration Committee
Role and responsibilities As set out above
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? Yes
Shareholding Details 2,750,000 3.68% per annum Fixed Rate Notes due 2021
Past (for the last 5 years) Please refer to Annexure 2.
Present Please refer to Annexure 1.

Attachments

  1. Annexure 1 (Size: 308,323 bytes)
  2. Annexure 2 (Size: 260,615 bytes)