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Change - Announcement Of Resignation Of Chief Executive Director

BackDec 29, 2017
Announcement Title Change - Announcement of Cessation
Date & Time of Broadcast Dec 29, 2017 17:56
Status New
Announcement Sub Title Resignation of Chief Executive Director
Announcement Reference SG171229OTHRK2N0
Submitted By (Co./ Ind. Name) Mr Phillip Lim
Designation Company Secretary
Description (Please provide a detailed description of the event in the box below) As part of succession planning, the Board of Directors wishes to announce the resignation of Mr Henry Maknawi ("Mr Maknawi") as Chief Executive Officer. Mr Maknawi will remain as Executive Chairman and member of the Nominating Committee.
Additional Details
Name Of Person Henry Maknawi
Age 62
Is effective date of cessation known? Yes
If yes, please provide the date 01/01/2018
Detailed Reason (s) for cessation Succession planning
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 30/05/2008
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 months 1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) Chief Executive Officer
Role and responsibilities Responsible for the overall business strategies and policies of the Group
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries Brother of Ms Ratna Maknawi, Executive Vice-Chairman
Shareholding interest in the listed issuer and its subsidiaries? Yes
Shareholding Details 1,774,970 shares held in his name in the Company

152,555,224 shares held by Kencana Holdings Pte. Ltd. in the Company
Past (for the last 5 years) Kencana Agri Limited
Kencana Holdings Pte. Ltd.
Present Kencana Agri Limited
Kencana Holdings Pte. Ltd.