News
Change - Announcement Of Appointment Of Mr. Marini Martin Vincent As Independent Director
BackApr 12, 2024
| Announcement Title | Change - Announcement of Appointment |
| Date & Time of Broadcast | Apr 12, 2024 8:04 |
| Status | New |
| Announcement Sub Title | Appointment of Mr. Marini Martin Vincent as Independent Director |
| Announcement Reference | SG240412OTHR4SDW |
| Submitted By (Co./ Ind. Name) | Sim Soon Ngee Glenndle |
| Designation | Executive Chairman and Chief Executive Officer |
| Description (Please provide a detailed description of the event in the box below) | Appointment of Mr. Marini Martin Vincent as Independent Director. This announcement has been reviewed by the Company's Sponsor, SAC Capital Private Limited (the "Sponsor"). This announcement has not been examined or approved by the Singapore Exchange Securities Trading Limited ("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 Ms. Charmian Lim (Telephone no.: (65) 6232 3210) at 1 Robinson Road, #21-00 AIA Tower, Singapore 048542. |
| Additional Details | |
| Date Of Appointment | 29/04/2024 |
| Name Of Person | Marini Martin Vincent |
| Age | 64 |
| Country Of Principal Residence | Singapore |
| The Board's comments on this appointment (including rationale, selection criteria, board diversity considerations, and the search and nomination process) | The Board of Directors of the Company, having considered among others, the recommendation of the Nominating Committee ("NC") and the qualifications, work experience, and competencies of Mr. Marini Martin Vincent, is of the view that he is suitable for appointment as the Independent Director. Mr. Marini Martin Vincent's appointment is subject to the approval of the Company's shareholders at the annual general meeting to be held on 29 April 2024. As the Company is in the midst of identifying a third independent director candidate, the Company will make relevant announcements on the composition of the Board and Board Committees of the Company, including amongst others, the Board Committees that Mr. Marini Martin Vincent shall serve on, after such an appointment. |
| Whether appointment is executive, and if so, the area of responsibility | Non-Executive |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | - Independent Director |
| Professional qualifications | - Post-graduate practical law course certificate, Board of Legal Education Singapore (presently Singapore Institute of Legal Education) - Postgraduate Diploma in Business Laws, National University of Singapore - Bachelor of Laws (Honours), National University of Singapore - Accredited Mediator of the Singapore International Mediation Institute - Non-practicing advocate & solicitor of the Singapore Supreme Court - Non-practicing advocate & solicitor of the England & Wales Supreme Court |
| Any relationship (including immediate family relationships) with any existing director, existing executive officer, the issuer and/ or substantial shareholder of the listed issuer or any of its principal subsidiaries | Nil |
| Conflict of interests (including any competing business) | Nil |
| Working experience and occupation(s) during the past 10 years | - Oct 2023 to present - Consultant (part-time) of LWP.SG Consultants - Jan 2021 to present - Adjunct Fellow of Maritime & Port Authority of Singapore Academy - Aug 2020 to present - Consultant (part-time) of Singapore Organisation of Seamen - November 2020 to March 2022 - Consultant of Farallon Law Corporation - Jul 2005 to Jan 2020 - General Counsel of Maritime & Port Authority of Singapore |
| Undertaking submitted to the listed issuer in the form of Appendix 7.7 (Listing Rule 704(7)) Or Appendix 7H (Catalist Rule 704(6)) | Yes |
| Shareholding interest in the listed issuer and its subsidiaries? | No |
| # These fields are not applicable for announcements of appointments pursuant to Listing Rule 704 (9) or Catalist Rule 704 (8). | |
| Past (for the last 5 years) | - Singapore Association for the Deaf |
| Present | - Eurasian Association, Singapore - Restroom Association of Singapore - Tanjong Pagar Football Club - Perbadanan Pengurusan Inspirasi Bestari |
| (a) Whether at any time during the last 10 years, an application or a petition under any bankruptcy law of any jurisdiction was filed against him or against a partnership of which he was a partner at the time when he was a partner or at any time within 2 years from the date he ceased to be a partner? | No |
| (b) Whether at any time during the last 10 years, an application or a petition under any law of any jurisdiction was filed against an entity (not being a partnership) of which he was a director or an equivalent person or a key executive, at the time when he was a director or an equivalent person or a key executive of that entity or at any time within 2 years from the date he ceased to be a director or an equivalent person or a key executive of that entity, for the winding up or dissolution of that entity or, where that entity is the trustee of a business trust, that business trust, on the ground of insolvency? | No |
| (c) Whether there is any unsatisfied judgment against him? | No |
| (d) Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving fraud or dishonesty which is punishable with imprisonment, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such purpose? | No |
| (e) Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such breach? | No |
| (f) Whether at any time during the last 10 years, judgment has been entered against him in any civil proceedings in Singapore or elsewhere involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or a finding of fraud, misrepresentation or dishonesty on his part, or he has been the subject of any civil proceedings (including any pending civil proceedings of which he is aware) involving an allegation of fraud, misrepresentation or dishonesty on his part? | No |
| (g) Whether he has ever been convicted in Singapore or elsewhere of any offence in connection with the formation or management of any entity or business trust? | No |
| (h) Whether he has ever been disqualified from acting as a director or an equivalent person of any entity (including the trustee of a business trust), or from taking part directly or indirectly in the management of any entity or business trust? | No |
| (i) Whether he has ever been the subject of any order, judgment or ruling of any court, tribunal or governmental body, permanently or temporarily enjoining him from engaging in any type of business practice or activity? | No |
| (j) Whether he has ever, to his knowledge, been concerned with the management or conduct, in Singapore or elsewhere, of the affairs of :- | |
| (i) any corporation which has been investigated for a breach of any law or regulatory requirement governing corporations in Singapore or elsewhere; or | No |
| (ii) any entity (not being a corporation) which has been investigated for a breach of any law or regulatory requirement governing such entities in Singapore or elsewhere; or | No |
| (iii) any business trust which has been investigated for a breach of any law or regulatory requirement governing business trusts in Singapore or elsewhere; or | No |
| (iv) any entity or business trust which has been investigated for a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, in connection with any matter occurring or arising during that period when he was so concerned with the entity or business trust? | No |
| (k) Whether he has been the subject of any current or past investigation or disciplinary proceedings, or has been reprimanded or issued any warning, by the Monetary Authority of Singapore or any other regulatory authority, exchange, professional body or government agency, whether in Singapore or elsewhere? | No |
| Any prior experience as a director of an issuer listed on the Exchange? | No |
| If no, please state if the director has attended or will be attending training on the roles and responsibilities of a director of a listed issuer as prescribed by the Exchange | Subject to the approval of the Company's shareholders on the appointment of Mr. Marini Martin Vincent as Director at the annual general meeting to be held on 29 April 2024, the Company will arrange for Mr. Marini Martin Vincent to attend the mandatory training for first time director on the roles and responsibilities of a director of a listed issuer as prescribed in the Catalist Rules within one year from his date of appointment. |