| Announcement of Cessation of Non-Executive Director | |
| * Asterisks denote mandatory information | |
| Name of Announcer * | NOBEL DESIGN HOLDINGS LTD |
| Company Registration No. | 198104591E |
| Announcement submitted on behalf of | NOBEL DESIGN HOLDINGS LTD |
| Announcement is submitted with respect to * | NOBEL DESIGN HOLDINGS LTD |
| Announcement is submitted by * | GOON EU JIN TERENCE |
| Designation * | CHIEF EXECUTIVE OFFICER AND GROUP MANAGING DIRECTOR |
| Date & Time of Broacast | 22-Jun-2012 18:14:42 |
| Announcement No. | 00109 |
| Price Sensitivity | Yes |
| >> Announcement Details | |
| The details of the announcement start here ... |
| Name * | KHO CHUAN THYE PATRICK |
| Age * | 44 |
| Is Effective Date of Cessation known? * | Yes |
| Effective Date of Resignation | 21/06/2012 |
| Detailed Reason(s) for cessation * | The reasons for Mr Kho's resignation as a Director of Nobel Design Holdings Ltd (the "Company") is to enable the Company to issue a Corporate Guarantee to fulfil its obligations under a loan facility extended to LVND Homes Pte Ltd , without contravening Section 163 of the Companies Act (Cap 50) and to avoid any possible conflict of interest in the approval process of the provision of the Corporate Guarantee, from the Company to LVND Homes Pte Ltd which Mr Kho has an interest in shares. |
| 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 |
| Date of Appointment to current position * | 01/04/2012 |
| Job Title * | Non-Executive Director |
| Role and responsibilities * | Acted as a Non-Executive Director and performed the roles and responsibilities required of a Non-Executive Director |
| 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 resignation) * | 2 |
| Number of Cessations of persons specified in Rule 704(7) of the Listing Manual over the past 12 months * | 0 |
| Shareholding in the listed issuer and its subsidiaries * | 13,071,000 ordinary shares in Nobel Design Holdings Ltd and Deemed Interest in 10,657,000 ordinary shares held by Southern Cross Holdings Pte Ltd in Nobel Design Holdings Ltd. |
| Family relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries * | None |
| >> Other Directorship # | |
| # These fields are not applicable for announcements of appointments pursuant to Rule 704(9) | |
| Past (for the last five years) * | 1) Lian Keng Construction Pte Ltd 2) Avri Pty Ltd 3) Aircord Pty Ltd |
| Present * | Lian Huat Group of Companies in Singapore, Australia and China. |
© 2012 SGX News
