Retirement of Director and Resignation of Chief Corporate Officer
Related Announcements
| Change – Announcement of Cessation::Retirement of Director and Resignation of Chief Corporate Officer | |
| Issuer/ Securities | |
| Issuer/ Manager | HALCYON AGRI CORPORATION LIMITED |
| Securities | HALCYON AGRI CORPORATION LTD – SG2F48989824 – 5VJ |
| Stapled Security | No |
| Announcement Details | |
| Announcement Title | Change – Announcement of Cessation |
| Date & Time of Broadcast | 26-Jun-2020 21:34:24 |
| Status | New |
| Announcement Sub Title | Retirement of Director and Resignation of Chief Corporate Officer |
| Announcement Reference | SG200626OTHRSCTL |
| Submitted By | Liew Guat Yi |
| Designation | Company Secretary |
| Description (Please provide a detailed description of the event in the box below) | Mr Pascal Guy Chung Wei Demierre’s retirement as Executive Director and resignation as the Chief Corporate Officer of the Company. |
| Additional Details | |
| Name of Person | Pascal Guy Chung Wei Demierre |
| Age | 46 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 26/06/2020 |
| Detailed Reason (s) for cessation |
Mr Pascal Guy Chung Wei Demierre retired from office by rotation pursuant to Regulation 91 of the Constitution of the Company, upon the conclusion of the Company’s annual general meeting held on 26 June 2020. Further, Mr Demierre has tendered his resignation as the Chief Corporate Officer with effect from 26 June 2020. He has indicated that his resignation is to pursue other personal interest and is in consideration of the progressive renewal of the Company’s Board of Directors and management. |
| 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 | 08/07/2010 |
| Does the AC have a minimum of 3 members (taking into account this cessation)? | No |
| Number of Independent Directors currently resident in Singapore (taking into 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 | 1 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Executive Director and Chief Corporate Officer, Member of Audit Committee and Remuneration Committee. |
| Role and responsibilities | Mr Pascal Guy Chung Wei Demierre is responsible for all corporate matters, including mergers & acquisitions, legal, corporate governance, corporate structuring, information technology, human resources and general administration. |
| 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 | Direct Interest: 11,300,000 ordinary shares Deemed Interest: 384,825 ordinary shares |
| Past (for the last 5 years) | (1) Halcyon Agri Resources Pte. Ltd. (2) Halcyon Corporate Services Pte. Ltd. (3) Halcyon Energy Corporation Pte. Ltd. (4) 6T9 Collection Pte. Ltd. Note: Excluding directorship in the Company’s subsidiaries |
| Present | (1) The Hour Glass Limited (2) Council Member, Alliance Fran aise de Singapour (3) Demierre (Private) Limited (4) Swift Heritage Pte Ltd (5) Halcyon Investment Corporation Pte. Ltd. (6) Halcyon Strategic Pte. Ltd. (7) Kingfisher Ventures Pte. Ltd. Note: Excluding directorship in the Company’s subsidiaries |