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News
Announcement Of Cessation As Independent Director Who Is An Audit Committee Member
| Resignation Details |
| Name Of Person |
Jovenal R Santiago |
| Age |
71 |
| Is Effective Date Of Cessation Known? |
Yes |
| Effective Date Of Cessation |
30/09/2009 |
| Detailed Reason(s) for Cessation |
In view of the change in ownership of the Company and the proposed changes in the principal businesses of the Group, Mr. Jovenal R Santiago thought it appropriate to resign as an independent director of the Company to enable the new owners and management to appoint new members of the Board of Directors. |
| Is there any difference of opinion on material matters between the person and the Board of directors? |
No |
| If yes, please elaborate |
NA |
| 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 |
| If yes, please elaborate |
NA |
| Any other relevant information to be provided to shareholders of the listed issuer? |
No |
| If yes, please elaborate |
NA |
| Date of Appointment to current position |
30/09/2005 |
| Job Title |
Lead Independent Director, AC Chairman, NC Chairman, RC Member |
| Role and Responsibilities |
Independent and Non-Executive Function |
| Does the AC have a minimum of 3 members (taking into account this resignation)? |
Yes |
| Number of Independent Directors currently resident in Singapore (taking into account this cessation) |
2 |
| Number of Cessations of Appointments specified in Listing Rule 704(7) over the past 12 months |
1 |
| Shareholding in the listed issuer and its subsidiaries |
180,000 shares in HLN Technologies Limited |
| Family relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries |
None |
| Other Directorship |
| Past Directorship (for the last five years) |
NIL |
| Present Directorship |
NIL |