Announcements
Resignation of Lead Ined, Chairman of AC and Member of NC and RC
Nov 03, 2023
| Issuer/ Manager | Vallianz Holdings Limited |
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Nov 3, 2023 18:28 |
| Status | New |
| Announcement Sub Title | Resignation of Lead Ined, Chairman of AC and Member of NC and RC |
| Announcement Reference | SG231103OTHRBAZW |
| Submitted By (Co./ Ind. Name) | Ling Yong Wah |
| Designation | Chief Executive Officer |
| Description (Please provide a detailed description of the event in the box below) | This document has been reviewed by the Company's sponsor, Provenance Capital Pte. Ltd. ("Sponsor"), for compliance with the Singapore Exchange Securities Trading Limited (the "SGX-ST") Listing Manual Section B: Rules of Catalist. It has not been examined or approved by the Singapore Exchange Securities Trading Limited ("Exchange") and the Exchange assumes no responsibility for the contents of this document, including the correctness of any of the statements or opinions made or reports contained in this document. The contact person for the Sponsor is Ms Faye Chong, Director (Corporate Finance), at 96 Robinson Road, #13-01, SIF Building, Singapore 068899. Telephone: (65) 6227 5810. Email: fayechong@provenancecapital.com |
| Name Of Person |
Bote de Vries |
| Age |
65 |
| Is effective date of cessation known? |
Yes |
| If yes, please provide the date |
04/11/2023 |
| Detailed Reason(s) for cessation |
Mr. Bote de Vries (“Mr. de Vries”) has served on the Board of Vallianz Holdings Limited (“Company”) since 6 September 2010 for more than 9 years. In view of the nine-year tenure limit for independent directors prescribed under the Singapore Exchange Securities Trading Limited Manual Section B: Rules of Catalist, Mr. de Vries is resigning as the Lead Independent Non-Executive Director, Chairman of the Audit Committee and a member of the Nominating Committee and Remuneration Committee of the Company to pursue other opportunities. After have interviewed Mr. de Vries and to the best of its knowledge, the Company’s Sponsor, Provenance Capital Pte Ltd., is satisfied that saved as disclosed in this announcement, there are no other material reasons for the cessation of Mr. de Vries as the Lead Independent Non-Executive Director, Chairman of the Audit Committee and a member of Nominating Committee and Remuneration Committee of the Company. |
| 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 |
06/09/2010 |
| 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 cesation) |
2 |
| 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.) |
Lead Independent Non-Executive Director, Chairman of Audit Committee, member of Nominating Committee and Remuneration Committee |
| Roles and responsbilities |
Non-Executive |
| 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 |
136,666 (Direct Interest) |
| Past (for the last 5 years) |
1. Artilium NV Londen (Non-Executive Board Member) |
| Present |
1. Dutch Investment Fund for Seagoing Vessels (NBZ) |