News

Change - Announcement Of Appointment Of Non-Executive And Non-Independent Director

BackNov 15, 2016
Announcement Title Change - Announcement of Appointment
Announcement Subtitle APPOINTMENT OF NON-EXECUTIVE AND NON-INDEPENDENT DIRECTOR
Securities GMG GLOBAL LTD (GMGGLOBL)
Date & Time of Broadcast Nov 15, 2016 20:47
Submitted By LU LING LING
COMPANY SECRETARY
Description Please see below.
Appointment Details
Date of appointment Nov 15, 2016
Name of person Pascal Guy Chung Wei Demierre
Age 43
Country of principal residence Singapore
The Board's comments on this appointment Mr Pascal Guy Chung Wei Demierre was nominated by Halcyon Agri Corporation Limited, the substantial shareholder of the Company. Upon recommendation of the Nominating Committee, which had reviewed the qualifications and experience of Mr Pascal Guy Chung Wei Demierre, the Board of Directors of the Company approved his appointment as the Non-Executive and Non-Independent Director of the Company after due consideration.
Whether appointment is executive, and if so, the area of responsibility Non-Executive
Job title Non-Executive and Non-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 Demierre is an Executive Director of Halcyon Agri Corporation Limited. He has been with Halcyon group of companies for more than 10 years. He oversees all corporate infrastructure matters including legal, corporate governance, corporate structuring, information technology, human resources and general administration of the entities within the Halcyon group.
Shareholding interest in the listed issuer and its subsidiaries No
Other Directorships
Note: 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) (1) Halcyon Offshore Pte Ltd
(2) Anvil Engineering Pte Ltd
(3) Jack Tat Engineering Pte Ltd
(4) Jack Tat Corporation Pte Ltd
(5) Cables International Pte Ltd
(6) Marine Equipments Pte Ltd
(7) Superior Marine & Offshore Engineering Pte Ltd
(8) Harrican Integrated Pte Ltd
(9) Vantage Engineering Pte Ltd
Present (1) The Hour Glass Limited
(2) Halcyon Agri Corporation Limited
(3) Hevea Global Pte. Ltd.
(4) Hevea International Pte. Ltd.
(5) New Continent Enterprises (Private) Limited
(6) MCF China Limited
(7) New Continent Enterprises GmbH
(8) New Continent Enterprises Inc.
(9) Centrotrade Singapore Pte Ltd
(10) Centrotrade Commodities Malaysia Sdn Bhd
(11) Centrotrade Minerals and Metals, Inc.
(12) Halcyon Agri Indonesia Pte. Ltd.
(13) Halcyon Rubber Company Pte. Ltd.
(14) Anson Company (Private) Limited
(15) Halcyon Agri Malaysia Pte. Ltd.
(16) Halcyon Agri (Malaysia) Sdn. Bhd.
(17) Halcyon Rubber Estates Sdn. Bhd.
(18) Hevea KB Sdn. Bhd.
(19) JFL Agro Pte. Ltd.
(20) JFL Agro Sdn. Bhd.
(21) JFL Holdings Sdn. Bhd.
(22) JFL Rubber Sdn. Bhd.
(23) Sinochem International Natural Rubber Investment (Overseas) Pte. Ltd.
(24) Halcyon Agri Resources Pte. Ltd.
(25) Halcyon Energy Corporation Pte. Ltd.
(26) Halcyon Strategic Pte. Ltd.
(27) Halcyon Corporate Services Pte. Ltd.
(28) Halcyon Investment Corporation Pte. Ltd.
(29) 6t9 Collection Pte. Ltd.
(30) Demierre Holdings Pte. Ltd.
(31) Demierre (Private) Limited
Information Required Persuant To Listing Rule 704(7)(H)
(a) Whether at any time during the past 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 any 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 with any warning, by the Monetary Authority of Singapore or any other regulatory authority, exchange, professional body or government agency, whether in Singapore or elsewhere? Yes
If yes, please provide full details Mr Demierre received a letter of warning from MAS in relation to the disclosure obligations under Part VII of the Securities and Futures Act (Cap. 289). He gave notice of ceasing to be a substantial shareholder in a corporation within five (5) business days after the corporate action (which he did not participate in) undertaken by such corporation, instead of the stipulated timeframe of two (2) business days.
Information Required persuant to Listing Rule 704(7)(I)
Note: Disclosure applicable to the appointment of Director only
Any prior experience as a director of a listed company? Yes
If yes, please provide full details (1) Halcyon Agri Corporation Limited, a company listed
on the Singapore Exchange

(2) The Hour Glass Limited, a company listed on the
Singapore Exchange