Olam Intl - Change - Announcement of Cessation::Resignation of Non-Executive and Independent Director
Announcement Type: Announcement of Cessation
Company: OLAM INTERNATIONAL LIMITED
Stock Code/Name: O32 - Olam Intl
Company: OLAM INTERNATIONAL LIMITED
Stock Code/Name: O32 - Olam Intl
| Change - Announcement of Cessation::Resignation of Non-Executive and Independent Director |
| Issuer & Securities |
| Issuer/ Manager | OLAM INTERNATIONAL LIMITED |
| Securities | OLAM INTERNATIONAL LIMITED - SG1Q75923504 - O32 |
| Stapled Security | No |
| Announcement Details |
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | 26-Sep-2014 07:26:35 |
| Status | New |
| Announcement Sub Title | Resignation of Non-Executive and Independent Director |
| Announcement Reference | SG140926OTHRTIT5 |
| Submitted By (Co./ Ind. Name) | Neelamani Muthukumar |
| Designation | President, Global Head - Corporate Finance |
| Description (Please provide a detailed description of the event in the box below) | Resignation of Non-Executive and Independent Director |
| Additional Details |
| Name Of Person | Wong Heng Tew |
| Age | 62 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 30/10/2014 |
| Detailed Reason (s) for cessation | Mr. Wong Heng Tew will step down as Non-Executive and Independent Director from the Board on 30 October 2014, after the close of the 20th Annual General Meeting. The stepping down of Mr. Wong Heng Tew from the Board is in line with the formal plan for the on-going renewal of the Board put in place by the Board with effect from 1 July 2013, and taking into consideration the recommendations in the Code of Corporate Governance on the tenure of Directors. |
| 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 | 10/10/2003 |
| 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) | 5 |
| Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months | 2 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Non-Executive and Independent Director |
| Role and responsibilities | Member, Audit & Compliance Committee Member, Governance & Nomination Committee Member, Human Resource & Compensation Committee |
| Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries | Nil |
| Shareholding interest in the listed issuer and its subsidiaries? | No |
| Past (for the last 5 years) | Aranda Investments (Mauritius) Pte Ltd Centaura Investments (Mauritius) Pte Ltd Certis Cisco Security Pte Ltd Cypress Holdings Limited Indochina Fund Management Pte Ltd. HOPU Management Co. Ltd. Temasek Financial (I) Pte Ltd EH Group Ltd Maju Investments (Mauritius) Pte Ltd OE Global Ventures Limited Orchard Energy Pte Ltd Perikatan Asia Sdn Bhd RRJ Management Limited Surbana Fund Management Pte Ltd Surbana Township Development Fund Pte Ltd Surbana Corporation Pte Ltd |
| Present | Orchid 2 Investments Pte Ltd Orchid 1 Investments Pte Ltd Aspen Holdings Limited Mercatus Co-operative Limited Heliconia Capital Management Pte Ltd NTUC Fairprice Co-operative Limited Industrial & Services Co-Operative Society Ltd ASEAN Potash Mining Public Company Limited Asean Bintulu Fertilizer Sdn Bhd Vietnam Growth Fund Limited Tuas Fund Investments Pte Ltd |
Olam Intl - Change - Announcement of Cessation::Resignation of Non-Executive and Independent Director
Announcement Type: Announcement of Cessation
Company: OLAM INTERNATIONAL LIMITED
Stock Code/Name: O32 - Olam Intl
Company: OLAM INTERNATIONAL LIMITED
Stock Code/Name: O32 - Olam Intl
| Change - Announcement of Cessation::Resignation of Non-Executive and Independent Director |
| Issuer & Securities |
| Issuer/ Manager | OLAM INTERNATIONAL LIMITED |
| Securities | OLAM INTERNATIONAL LIMITED - SG1Q75923504 - O32 |
| Stapled Security | No |
| Announcement Details |
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | 26-Sep-2014 07:26:14 |
| Status | New |
| Announcement Sub Title | Resignation of Non-Executive and Independent Director |
| Announcement Reference | SG140926OTHR43QN |
| Submitted By (Co./ Ind. Name) | Neelamani Muthukumar |
| Designation | President, Global Head - Corporate Finance |
| Description (Please provide a detailed description of the event in the box below) | Resignation of Non-Executive and Independent Director. |
| Additional Details |
| Name Of Person | Mark Haynes Daniell |
| Age | 59 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 30/10/2014 |
| Detailed Reason (s) for cessation | Mr. Mark Haynes Daniell will step down as Non-Executive and Independent Director from the Board on 30 October 2014, after the close of the 20th Annual General Meeting. The stepping down of Mr. Mark Haynes Daniell from the Board is in line with the formal plan for the on-going renewal of the Board put in place by the Board with effect from 1 July 2013, and taking into consideration the recommendations in the Code of Corporate Governance on the tenure of Directors. |
| 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 | 31/10/2002 |
| 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) | 5 |
| Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months | 2 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Non-Executive and Independent Director, |
| Role and responsibilities | Chairman, Human Resource & Compensation Committee Member, Audit Committee Member, Corporate Responsibility & Sustainability Committee Member, Governance & Nomination Committee |
| Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries | Nil |
| Shareholding interest in the listed issuer and its subsidiaries? | No |
| Past (for the last 5 years) | Aquarius Capital (Mauritius) Limited Aquarius Capital Asia Pte Ltd Exeter Premedia Private Ltd Merlindus Technologies Pte Ltd |
| Present | The Cuscaden Group Pte Ltd Cuscaden Georgia, Ltd Aquarius Investment Advisors Pte Ltd Raffles Family Wealth Trust Pte Ltd. Sacoven Plc Tiryaki Agro Gida San. Ve Tic.A.S. Cuscaden International Pte Ltd The Gallardo Family Office Diagenics SE Langdon Corporativo |
Olam Intl - Change - Announcement of Appointment::Appointment as Non-Executive and Independent Director
Announcement Type: Announcement of Appointment
Company: OLAM INTERNATIONAL LIMITED
Stock Code/Name: O32 - Olam Intl
Company: OLAM INTERNATIONAL LIMITED
Stock Code/Name: O32 - Olam Intl
| Change - Announcement of Appointment::Appointment as Non-Executive and Independent Director |
| Issuer & Securities |
| Issuer/ Manager | OLAM INTERNATIONAL LIMITED |
| Securities | OLAM INTERNATIONAL LIMITED - SG1Q75923504 - O32 |
| Stapled Security | No |
| Announcement Details |
| Announcement Title | Change - Announcement of Appointment |
| Date & Time of Broadcast | 26-Sep-2014 07:25:13 |
| Status | New |
| Announcement Sub Title | Appointment as Non-Executive and Independent Director |
| Announcement Reference | SG140926OTHRJI3Z |
| Submitted By (Co./ Ind. Name) | Neelamani Muthukumar |
| Designation | President, Global Head - Corporate Finance |
| Description (Please provide a detailed description of the event in the box below) | Appointment of Mr. Nihal Vijaya Devadas Kaviratne CBE as Non-Executive and Independent Director |
| Additional Details |
| Date Of Appointment | 01/10/2014 |
| Name Of Person | Nihal Vijaya Devadas Kaviratne CBE |
| Age | 70 |
| Country Of Principal Residence | India |
| The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process) | The Governance and Nomination Committee (GNC) of the Board has reviewed the experience, skillset, qualification and qualities of certain candidates as part of the Board renewal process. Mr. Nihal Kaviratne CBE was identified by the GNC as an important addition to the Board with his extensive experience from various senior level management roles in sales, marketing, brand and strategic planning and development and as a Chairman, CEO and Independent Director in a wide array of organisations across Asia, Europe and Latin America. The Board has considered the recommendation of the GNC and has approved the appointment of Mr. Nihal Kaviratne CBE as a Non-Executive and Independent Director of the Board with effect from 1st October 2014. Mr. Nihal Kaviratne CBE will submit himself for re-appointment pursuant to Section 153(6) of the Companies Act, Chapter 50 at the Annual General Meeting scheduled on 30 October 2014. |
| Whether appointment is executive, and if so, the area of responsibility | Non-Executive |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Non-Executive and Independent Director |
| Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries | Nil |
| Conflict of interests (including any competing business) | Nil |
| Working experience and occupation(s) during the past 10 years | Mr. Nihal Kaviratne's career with the Unilever Group spanned 40 years during which he held various senior level management positions in sales, marketing, brand and strategic planning and development, and as Chairman, CEO and Independent Director in a span of organisations across Asia, Europe and Latin America. He retired from Unilever in 2005. Mr. Nihal Kaviratne CBE currently serves as an Independent, Non-Executive Director in GlaxoSmithKline Pharmaceuticals Ltd, and as Chairman of Akzo Nobel India Limited (formerly ICI). He is an Independent, Non-Executive Director of several Temasek-Linked Companies including StarHub Limited, SATS Limited, Wildlife Reserves Singapore, DBS Group Holdings Limited and DBS Bank Limited. He is President Commissioner of PT. TVS Motor Company Indonesia, a Member of the Private Sector Portfolio Advisory Committee in India for the UK Government's Department for International Development (DFID), and serves on the Advisory Board of Bain & Company for SEA/Indonesia. |
| 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) | Please refer to the attached. |
| Present | Please refer to the attached. |
| (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 |
| (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 | SATS Ltd. StarHub Ltd. DBS Group Holdings Ltd Akzo Nobel India Limited (India) GlaxoSmithKline Pharmaceuticals Ltd. (India) |
| Attachments |
|
Olam Intl - Change - Announcement of Appointment::Appointment as Non-Executive and Independent Director and Deputy Chairman
Announcement Type: Announcement of Appointment
Company: OLAM INTERNATIONAL LIMITED
Stock Code/Name: O32 - Olam Intl
Company: OLAM INTERNATIONAL LIMITED
Stock Code/Name: O32 - Olam Intl
| Change - Announcement of Appointment::Appointment as Non-Executive and Independent Director and Deputy Chairman |
| Issuer & Securities |
| Issuer/ Manager | OLAM INTERNATIONAL LIMITED |
| Securities | OLAM INTERNATIONAL LIMITED - SG1Q75923504 - O32 |
| Stapled Security | No |
| Announcement Details |
| Announcement Title | Change - Announcement of Appointment |
| Date & Time of Broadcast | 26-Sep-2014 07:24:17 |
| Status | New |
| Announcement Sub Title | Appointment as Non-Executive and Independent Director and Deputy Chairman |
| Announcement Reference | SG140926OTHRC9MF |
| Submitted By (Co./ Ind. Name) | Neelamani Muthukumar |
| Designation | President, Global Head - Corporate Finance |
| Description (Please provide a detailed description of the event in the box below) | Appointment of Mr. Kwa Chong Seng as Non-Executive and Independent Director and Deputy Chairman. |
| Additional Details |
| Date Of Appointment | 01/10/2014 |
| Name Of Person | Kwa Chong Seng |
| Age | 68 |
| Country Of Principal Residence | Singapore |
| The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process) | The Governance and Nomination Committee (GNC) of the Board has reviewed the experience, skillset, qualification and qualities of certain candidates. Mr. Kwa Chong Seng was identified by the GNC as an important addition to the Board with his extensive organisational, business, management, strategic planning and customer-based experience and knowledge. The Board has considered the recommendation of the GNC and has approved the appointment of Mr Kwa Chong Seng as Non-Executive and Independent Director as well as Deputy Chairman of the Board with effect from 1st October 2014. Mr Kwa Chong Seng will submit himself for retirement and re-election, pursuant to the Articles of Association of the Company, at the Annual General Meeting scheduled on 30 October 2014. |
| Whether appointment is executive, and if so, the area of responsibility | Non-Executive |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Deputy Chairman, Non-Executive and Independent Director |
| Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries | Nil |
| Conflict of interests (including any competing business) | Nil |
| Working experience and occupation(s) during the past 10 years | Mr Kwa Chong Seng is currently the Chairman of Neptune Orient Lines Ltd, Singapore Technologies Engineering Ltd and Fullerton Fund Management Co. Ltd. He is a non-executive director of Singapore Exchange Ltd, Seatown Holdings Pte Ltd and Delta Topco Ltd. He is a member of the Defence Science and Technology Agency (DSTA) Board of Directors and also the Deputy Chairman of the Public Service Commission in Singapore. He was the Deputy Chairman of Temasek Holdings Pte Ltd from 1997 to 2012 and a non-executive Director of DBS Group Holdings Ltd and DBS Bank Ltd from 2003 to 2012. Mr Kwa has more than 40 years' experience in the petroleum industry. He started his career with Esso Singapore Pte Ltd in 1969, holding various roles in Logistics, Marketing and other parts of the downstream business before becoming Chairman and Managing Director in 1992. He held this post until 1999 when he became Chairman and Managing Director of ExxonMobil Asia Pacific Pte Ltd. He retired from this position in 2011. |
| Shareholding interest in the listed issuer and its subsidiaries? | Yes |
| Shareholding Details | Olam International Limited Ordinary Shares - 420,000 Warrants - 35,000 The shares and warrants are held in trust by DBS Nominees. |
| # 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) | Please refer to the attached. |
| Present | Please refer to the attached. |
| (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 |
| (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 | Neptune Orient Lines Limited Singapore Technologies Engineering Ltd Singapore Exchange Limited DBS Group Holdings Ltd |
| Attachments |
|
Olam Intl - General Announcement::Changes to the Board
Announcement Type: General Announcement
Company: OLAM INTERNATIONAL LIMITED
Stock Code/Name: O32 - Olam Intl
Company: OLAM INTERNATIONAL LIMITED
Stock Code/Name: O32 - Olam Intl
| General Announcement::Changes to the Board |
| Issuer & Securities |
| Issuer/ Manager | OLAM INTERNATIONAL LIMITED |
| Securities | OLAM INTERNATIONAL LIMITED - SG1Q75923504 - O32 |
| Stapled Security | No |
| Announcement Details |
| Announcement Title | General Announcement |
| Date & Time of Broadcast | 26-Sep-2014 07:23:13 |
| Status | New |
| Announcement Sub Title | Changes to the Board |
| Announcement Reference | SG140926OTHRB0TF |
| Submitted By (Co./ Ind. Name) | Neelamani Muthukumar |
| Designation | President, Global Head - Corporate Finance |
| Description (Please provide a detailed description of the event in the box below) | Please refer to the News Release attached. |
| Attachments |
|
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