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Change - Announcement Of Appointment Of Directors - Sarine

BackMay 03, 2017
Announcement Title Change - Announcement of Appointment
Date & Time of Broadcast May 3, 2017 23:56
Status New
Announcement Sub Title Announcement on change of directors - Sarine
Announcement Reference SG170503OTHRJP8B
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 appointment of Ms. Varda Shine as a Non-Executive, Independent, Director, effective 25 April, 2017.
Additional Details
Date Of Appointment 25/04/2017
Name Of Person Varda Shine
Age 53
Country Of Principal Residence United Kingdom
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process) The Board is of the opinion that, given Ms. Shine's invaluable experience and expertise in the diamond industry, as well as her international standing, she will greatly contribute to the Board and to the Company.
Whether appointment is executive, and if so, the area of responsibility Ms. Shine is appointed as a Non-Executive, Independent, Director.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) Non-Executive, Independent, Director
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries None.
Conflict of interests (including any competing business) None
Working experience and occupation(s) during the past 10 years Ms. Varda Shine is a CEOs mentor and Diamond Industry & Business Advisor, with a career spanning over 30 years
in the diamond industry at De Beers, culminating with her serving as the CEO of De Beers Diamond Trading
Company, the arm of De Beers which is responsible for the sale of the majority of its rough diamonds (US$ 6
billion) through the sightholder paradigm. She currently serves as a non-executive Director at Lonmin PLC; as
a Board member of the Mineral Development Company of the Government of Botswana and of the Diamond
Empowerment Fund; as a Trustee of the Teenage Cancer Trust; as an executive mentor at Merryck & Co. and Duke
CE; and as CEO of her own company, Sky Ink, which helps take businesses from concept development through to
execution and commercialization.
Undertaking submitted to the listed issuer in the form of Appendix 7.7 (Listing Rule 704(7)) Or Appendix 7H (Catalist Rule 704(6)) Yes
Shareholding interest in the listed issuer and its subsidiaries? No
# These fields are not applicable for announcements of appointments pursuant to Listing Rule 704 (9) or Catalist Rule 704 (8).
Past (for the last 5 years) Up to 31.01.2014 De Beers (Diamond Trading Company).
September 2014 - Today - Merryck & Co.
Feb 2015 todate - Independent director Mineral Development Company - Botswana.
Sky Ink Ltd - CEO and Owner.
Present Non-Executive Director at Lonmin PLC;
a Board member of the Mineral Development Company of the Government of Botswana and of the Diamond Empowerment Fund;
Trustee of the Teenage Cancer Trust;
(a) Whether at any time during the last 10 years, an application or a petition under any bankruptcy law of any jurisdiction was filed against him or against a partnership of which he was a partner at the time when he was a partner or at any time within 2 years from the date he ceased to be a partner? No
(b) Whether at any time during the last 10 years, an application or a petition under any law of any jurisdiction was filed against an entity (not being a partnership) of which he was a director or an equivalent person or a key executive, at the time when he was a director or an equivalent person or a key executive of that entity or at any time within 2 years from the date he ceased to be a director or an equivalent person or a key executive of that entity, for the winding up or dissolution of that entity or, where that entity is the trustee of a business trust, that business trust, on the ground of insolvency? No
(c) Whether there is any unsatisfied judgment against him? No
(d) Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving fraud or dishonesty which is punishable with imprisonment, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such purpose? No
(e) Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such breach? No
(f) Whether at any time during the last 10 years, judgment has been entered against him in any civil proceedings in Singapore or elsewhere involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or a finding of fraud, misrepresentation or dishonesty on his part, or he has been the subject of any civil proceedings (including any pending civil proceedings of which he is aware) involving an allegation of fraud, misrepresentation or dishonesty on his part? No
(g) Whether he has ever been convicted in Singapore or elsewhere of any offence in connection with the formation or management of any entity or business trust? No
(h) Whether he has ever been disqualified from acting as a director or an equivalent person of any entity (including the trustee of a business trust), or from taking part directly or indirectly in the management of any entity or business trust? No
(i) Whether he has ever been the subject of any order, judgment or ruling of any court, tribunal or governmental body, permanently or temporarily enjoining him from engaging in any type of business practice or activity? No
(j) Whether he has ever, to his knowledge, been concerned with the management or conduct, in Singapore or elsewhere, of the affairs of :-
(i) any corporation which has been investigated for a breach of any law or regulatory requirement governing corporations in Singapore or elsewhere; or No
(ii) any entity (not being a corporation) which has been investigated for a breach of any law or regulatory requirement governing such entities in Singapore or elsewhere; or No
(iii) any business trust which has been investigated for a breach of any law or regulatory requirement governing business trusts in Singapore or elsewhere; or No
(iv) any entity or business trust which has been investigated for a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, in connection with any matter occurring or arising during that period when he was so concerned with the entity or business trust? No
(k) Whether he has been the subject of any current or past investigation or disciplinary proceedings, or has been reprimanded or issued any warning, by the Monetary Authority of Singapore or any other regulatory authority, exchange, professional body or government agency, whether in Singapore or elsewhere? No
Any prior experience as a director of a listed company? Yes
If Yes, Please provide details of prior experience Ms. Shine is a Non-Executive Director of Lonmin PLC, a company listed on the London Stock Exchange.