Change - Announcement of Cessation::Announcement on Cessation of Group Chief Operating Officer
Issuer & Securities
SecuritiesCOURTS ASIA LIMITED - SG2F22986069 - RE2
Stapled SecurityNo
Announcement Details
Announcement Title Change - Announcement of Cessation
Date & Time of Broadcast30-Aug-2017 07:33:10
Announcement Sub TitleAnnouncement on Cessation of Group Chief Operating Officer
Announcement ReferenceSG170830OTHR8UEN
Submitted By (Co./ Ind. Name)Dr Terence Donald O'Connor
DesignationExecutive Director cum Group Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)Resignation of Tim Luce as Group Chief Operating Officer
Additional Details
Name Of PersonTim Luce
Is effective date of cessation known?Yes
If yes, please provide the date23/02/2018
Detailed Reason (s) for cessationRelocation to Australia for family 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?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 position01/01/2016
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)2
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months2
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)Group Chief Operating Officer
Role and responsibilitiesResponsible in all operational aspects of the Group's business.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiariesNone
Shareholding interest in the listed issuer and its subsidiaries?Yes
Shareholding Details330,300 ordinary shares held in COURTS Asia Limited
Past (for the last 5 years)None
PresentCourts (Malaysia) Sdn Bhd
Retracomp Pty Ltd
Courts Solutions Sdn Bhd
Vista Lavender Sdn Bhd