| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Oct 9, 2023 18:51 |
| Status | New |
| Announcement Sub Title | RESIGNATION OF NON-EXECUTIVE DIRECTOR |
| Announcement Reference | SG231009OTHRSDNF |
| Submitted By (Co./ Ind. Name) | Yong Yean Chau |
| Designation | Director / Chief Executive Officer |
| Description (Please provide a detailed description of the event in the box below) | Resignation of Non-Executive Director |
| Additional Details | |
| Name Of Person | Joerg Ayrle |
| Age | 55 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 02/10/2023 |
| Detailed Reason (s) for cessation | Mr. Joerg Ayrle is the Group Chief Financial Officer of IHH Healthcare Berhad (IHH), the ultimate holding company of Parkway Trust Management Limited. Mr. Ayrle is on garden leave effective from 30 September 2023 until the expiry of the term of his employment contract with IHH on 31 January 2024. The Company received today, the notice of resignation of Mr. Joerg Ayrle as the Non-Executive Director of the Company with effect from 2 October 2023. |
| 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 | 23/04/2021 |
| 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) | 3 |
| Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months | 4 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Non-Executive Director |
| Role and responsibilities | Non-Executive Director |
| 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 | 29,000 |
| Past (for the last 5 years) | Please refer to Annexure A attached |
| Present | Please refer to Annexure B attached |
Attachments