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Change - Announcement Of Cessation Of Directors - Sarine Technologies Ltd

BackMay 03, 2017
Announcement Title Change - Announcement of Cessation
Date & Time of Broadcast May 3, 2017 21:10
Status New
Announcement Sub Title Announcement on change of directors - Sarine Technologies Ltd
Announcement Reference SG170503OTHRF9AI
Submitted By (Co./ Ind. Name) Amir J. Zolty
Designation Company secretary
Effective Date and Time of the event 03/05/2017 19:00:00
Description (Please provide a detailed description of the event in the box below) Announcement of the cessation of Mr. Ehud Harel from his position as a Non-Executive Director, effective 25 April, 2017.
Additional Details
Name Of Person Mr.Ehud Harel
Age 56
Is effective date of cessation known? Yes
If yes, please provide the date 25/04/2017
Detailed Reason (s) for cessation End of term of service.
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 21/07/2004
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 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 Brother in-law of Mr. Hanoh Stark
Shareholding interest in the listed issuer and its subsidiaries? Yes
Shareholding Details Ehud Harel is deemed a shareholder of the Company by virtue of his indirect ownership through Hargem, Ltd. of 25,608,848 shares held on his behalf by the Israel Discount Bank through Citibank N.A. Singapore custodians and, by virtue of his indirect ownership of 187,500 shares held on his behalf by Eyal Khayat, The Company's Share Option Plan's trustee, through UOB Kay Hian Pte. Ltd., pursuant to the said Plan.
Past (for the last 5 years) None
Present None