Change – Announcement Of Resignation Of Independent Director
| 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 | 01-Oct-2014 17:10:52 |
| Status | New |
| Announcement Sub Title | RESIGNATION OF INDEPENDENT DIRECTOR |
| Announcement Reference | SG141001OTHR89CQ |
| Submitted By (Co./ Ind. Name) | Pascal Demierre |
| Designation | Executive Director |
| Description | The Company was listed on Catalist of the Singapore Exchange Securities Trading Limited (the “SGX-ST”) on 1 February 2013. The initial public offering of the Company was sponsored by PrimePartners Corporate Finance Pte. Ltd. (the “Sponsor”). This announcement has been prepared by the Company and its contents have been reviewed by the Sponsor for compliance with the relevant rules of the SGX-ST. The Sponsor has not independently verified the contents of this announcement. This announcement has not been examined or approved by the SGX-ST and the SGX-ST assumes no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made or reports contained in this announcement. The contact person for the Sponsor is Mr Mark Liew, Managing Director, Corporate Finance, at 20 Cecil Street, #21-02 Equity Plaza, Singapore 049705, telephone (65) 6229 8088. |
| Additional Details | |
| Name of Person | JASON LEWIS BARAKAT-BROWN |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 01/10/2014 |
| Detailed Reason (s) for cessation | Mr Barakat-Brown has agreed to join the Company as Head of Strategic Development which will include the Investor Relations function with effect from 1 December 2014. In line with the Company’s policy of maintaining a strong independent element on the Board of Directors of the Company, Mr Barakat-Brown will relinquish his positions as a Director of the Company and as Chairman of the Remuneration Committee and a member of the Audit Committee and Nominating Committee. |
| 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 | 01/10/2013 |
| 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 |
1 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) |
Independent Director, Chairman of the Remuneration Committee and a member of the Audit Committee and Nominating Committee |
| Role and responsibilities | Duties of an Independent Director, Chairman of the Remuneration Committee and a member of the Audit Committee and Nominating 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? |
Yes |
| Shareholding Details | 150,000 ordinary shares in the Company |
| Past (for the last 5 years) | Yes |
| Present | Director, Candor Advisory Partners Pte. Ltd. Director, Venta Belgarum Pte. Ltd. |