Announcement Of Appointment Of Independent Director
25 January 2011
| Appointment Details | ||
| Date of Appointment | 25/01/2011 | |
| Name | Mr. Rob Bier | |
| Age | 50 | |
| Country of principal residence | Singapore | |
| The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process) | The Board of Directors considered the recommendation of the Nomination Committee and reviewed Mr. Rob Bier's qualifications, experience and expertise and is of the opinion that his appointment as an Independent Non-Executive Director will be beneficial to the Company and the shareholders. The Board of Directors therefore submitted his name to the shareholders with a recommendation for his election onto the Board of Directors. The shareholders duly elected Mr. Rob Bier as a Director at Annual General Meeting No. 01/2011 held on 25 January 2011. | |
| Whether appointment is executive, and if so, area of responsibility | This is a non-executive appointment. | |
| Job Title | Independent Non-Executive Director | |
| Working experience and occupation(s) during the past 10 years | 2008-2010 Operating Executive TowerBrook Capital LLP London/Singapore 2005-2008 Founder & Chief Executive Officer SPARCK Hypotheken Amsterdam 2003-2004 Managing Director Kensington Mortgages London 1999-2002 Group Managing Director & Co-Founder Antfactory Group London 1988-1999 Partner Monitor Company London, Milan, Madrid, Amsterdam |
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| Shareholding in the listed issuer and its subsidiaries | None. | |
| Family relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries | None. | |
| Conflict of interest | None. | |
| Other Directorship | ||
| Past (for the last five years) | Laren Hypotheken S.A.R.L. Sparck Investments B.V. Sparck Holding B.V. Sparck B.V. Sparck Hypotheken B.V. Quion 88 B.V. |
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| Present | Haymarket Financial Luxembourg 2 S.A.R.L. | |
| Information required pursuant to Listing Rule 704(7)(h) | ||
| a. | Whether at any time during the last 10 years, a petition under any bankruptcy laws of any jurisdiction was filed against him or against a partnership of which he was a partner? | No |
| b. | Whether at any time during the last 10 years a petition under any law of any jurisdiction was filed against a corporation of which he was a director or key executive for the winding up of that corporation on the ground of insolvency? | No |
| c. | Whether there is any unsatisfied judgement 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 for 3 months or more, or has been the subject of any criminal proceedings (including any pending criminal proceedings which he is aware of) 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 been the subject of any criminal proceedings (including any pending criminal proceedings which he is aware of) for such breach? | No |
| f. | Whether at any time during the last 10 years, judgement 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, misinterpretation or dishonesty on his part, or he has been the subject of any civil proceedings (including any pending civil proceedings which he is aware of involving an allegation of fraud, misinterpretation 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 corporation? | No |
| h. | Whether he has ever been disqualified from acting as a director of any corporation, or from taking part directly or indirectly in the management of any corporation? | No |
| i. | Whether he has ever been the subject of any order, judgement 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, | No | |
| in connection with any matter occurring or arising during that period when he was so concerned with the entity or business trust? | ||
| 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 |
| Information required pursuant to Listing Rule 704(7)(i) | ||
| Any prior experience as a director of a listed company? | No | |
| If yes, please provide details of prior experience. | Mr. Rob Bier intends to undertake appropriate training to familiarize himself with the duties, roles and responsibilites of a director of a public limited company listed in Singapore. |