Change - Announcement of Cessation::Resignation of Non-Executive Non-Independent Chairman
Issuer & Securities
Issuer/ ManagerNGSC LIMITED
SecuritiesNGSC LIMITED - SG1I31881119 - B07
Stapled SecurityNo
Announcement Details
Announcement Title Change - Announcement of Cessation
Date & Time of Broadcast31-May-2019 22:06:11
Announcement Sub TitleResignation of Non-Executive Non-Independent Chairman
Announcement ReferenceSG190531OTHRX4TU
Submitted By (Co./ Ind. Name)Michael Kuan-Chi Sun
DesignationExecutive Director
Description (Please provide a detailed description of the event in the box below)Resignation of Non-Executive Non-Independent Chairman
Additional Details
Name Of PersonAndrew Coulton
Is effective date of cessation known?Yes
If yes, please provide the date30/05/2019
Detailed Reason (s) for cessationResigned due to personal reasons.
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?Yes
If Yes, Please provide full detailsThere are various unresolved issues about the management of the company including the legal opinion rendered by Wong Partnership LLP in relation to further action after the EY2 report.
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 position07/03/2014
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)1
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months3
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)Non-Executive Non-Independent Chairman
Role and responsibilitiesNon-Executive Non-Independent Chairman
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiariesNil
Shareholding interest in the listed issuer and its subsidiaries?Yes
Shareholding DetailsDirect Interest - 9,000,000 ordinary shares of NGSC Limited
Past (for the last 5 years)Nil
PresentDirector - Ablesure Ltd, London, United Kingdom
Director - AR Evans (UK) Ltd, London

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