Change - Announcement of Cessation::Resignation of Non-Independent Non-Executive Director - Mr George Yong-Boon Yeo

Issuer & Securities

Issuer/ Manager

WILMAR INTERNATIONAL LIMITED

Securities

WILMAR INTERNATIONAL LIMITED - SG1T56930848 - F34

Stapled Security

No

Announcement Details

Announcement Title

Change - Announcement of Cessation

Date & Time of Broadcast

08-Dec-2017 17:55:46

Status

New

Announcement Sub Title

Resignation of Non-Independent Non-Executive Director - Mr George Yong-Boon Yeo

Announcement Reference

SG171208OTHRPY1W

Submitted By (Co./ Ind. Name)

Teo La-Mei

Designation

Company Secretary

Description (Please provide a detailed description of the event in the box below)

Resignation of Non-Independent Non-Executive Director - Mr George Yong-Boon Yeo

Additional Details

George Yong-Boon Yeo 63

Yes 31/12/2017

To comply with the recommendation in the Code of Corporate Governance 2012 (which stipulates that at least 50% of the Board should be independent where the Chairman and CEO are the same person), Mr George Yeo, a Non-Independent Non-Executive Director, who is currently Chairman of Kerry Logistics Network Limited, will be stepping down to make way for the appointment of additional Independent Non-Executive Directors.

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?

Any other relevant information to be provided to shareholders of the listed issuer?

Date of Appointment to current position

Does the AC have a minimum of 3 members (taking into account this cessation)?

Number of Independent Directors currently resident in Singapore (taking into account this cessation)

Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months

Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)

Non-Independent Non-Executive Director

Role and responsibilities

Non-Independent 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

Deemed interest - 210,000 shares

Past (for the last 5 years)

Kerry Group Limited

Present

  • 1) Director of Kerry Holdings Limited

  • 2) Chairman and Executive Director of Kerry Logistics Network Limited

("KLN") and a Director of KLN group of companies

3) Independent Non-Executive Director of AIA Group Limited

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Wilmar International Limited published this content on 08 December 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 08 December 2017 10:42:03 UTC.