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Change - Announcement Of Cessation Of Directors - Sarine Technologies Ltd.

BackMay 04, 2017
Announcement Title Change - Announcement of Cessation
Date & Time of Broadcast May 4, 2017 0:07
Status New
Announcement Sub Title Announcement on change of directors - Sarine Technologies Ltd.
Announcement Reference SG170504OTHROV8O
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. Eyal Mashiah from his position as an Executive Director, effective 25 April, 2017.
Additional Details
Name Of Person Mr. Eyal Mashiah
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 17/12/1994
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.) Executive Director
Role and responsibilities Executive Director
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries no
Shareholding interest in the listed issuer and its subsidiaries? Yes
Shareholding Details Mr. Eyal Mashiah is deemed a shareholder of the Company by virtue of: (a) his indirect ownership through Ramgem, Ltd. of 15,360,396 shares held on his behalf by the Israel Discount Bank through Citibank N.A. Singapore custodians and (b) his 100,000 shares held on his behalf by Bank Leumi Ltd. through DBS Singapore custodians.
Past (for the last 5 years) None
Present None