Change - Announcement of Cessation::Retirement of Independent Director
Issuer & Securities
HALCYONAGRI US$150M4.5%PERPSEC - XS1602310176 - 6V2B
Stapled SecurityNo
Announcement Details
Announcement Title Change - Announcement of Cessation
Date & Time of Broadcast23-Apr-2019 20:30:47
Announcement Sub TitleRetirement of Independent Director
Announcement ReferenceSG190423OTHRL7YP
Submitted By (Co./ Ind. Name)Pascal Demierre
DesignationExecutive Director
Description (Please provide a detailed description of the event in the box below)Mr Raymond John Ferguson retired from office by rotation pursuant to Regulation 91 of the Constitution of the Company.
Additional Details
Is effective date of cessation known?Yes
If yes, please provide the date23/04/2019
Detailed Reason (s) for cessationMr Ferguson has been appointed as the Non-executive Chairman of HeveaConnect Pte. Ltd. ("HeveaConnect"), which spearheads the Group's digitalisation strategy in developing the world's first digital marketplace for natural rubber. His decision to step down as the Company's Director demonstrates a statement of impartiality, and commitment to deliver independence in dealings with other investors of HeveaConnect.
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 position15/11/2016
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)5
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)Independent Director
Role and responsibilitiesDuties of an Independent Director and Chairman of the Strategy and Investment Committee.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiariesNil
Shareholding interest in the listed issuer and its subsidiaries?No
Past (for the last 5 years)(i) Executive Director and CEO, Standard Chartered Bank (Singapore) Limited
(ii) Director, Standard Chartered Holdings (Singapore) Private Limited
(iii) President Commissioner, PT Bank Permata TBK (listed on the Indonesia Stock Exchange)
(iv) Chairman, Standard Chartered Bank (Mauritius) Limited
(v) Chairman, Standard Chartered Bank (Thai) Public Company Limited
(vi) Deputy Chairman, Standard Chartered Bank Malaysia Berhad
(vii) Non-Executive Director, Standard Chartered Saadiq Berhad
(viii) Non-Executive Director, Standard Chartered Bank (Vietnam) Limited
(ix) Non-Executive Director, Clifford Capital Pte. Ltd.
(x) Director, Human Capital Leadership Institute
(xi) Deputy Chairman, ABC Islamic Bank (E.C.)
(xii) Executive Chairman, Asian Pillars Global Capital Pte. Ltd.
(xiii) Independent Director, Halcyon Agri Corporation Limited
Present(i) Non-Executive Independent Chairman, HeveaConnect Pte. Ltd.
(ii) Non-Executive Independent Chairman, Singapore Life Pte Ltd
(iii) Chairman, Caber Partners Pte Ltd
(iv) Chairman, Caber Financial Pte Ltd
(v) Chairman, Valwyn Pte Ltd
(vi) Non-Executive Director, LenddoEFL International
(vii) Non-Executive Independent Chairman, Youtap Limited

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