Change - Announcement Of Resignation Of Executive Chairman And Director
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Sep 29, 2017 22:24 |
| Status | New |
| Announcement Sub Title | Announcement of resignation of Executive Chairman and Director |
| Announcement Reference | SG170929OTHRC1VP |
| Submitted By (Co./ Ind. Name) | Gurpreet Singh Dhillon |
| Designation | Chief Executive Officer and Executive Director |
| Description (Please provide a detailed description of the event in the box below) | Please see attached. |
| Additional Details | |
| Name Of Person | Ravi Mehrotra |
| Age | 56 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 30/09/2017 |
| Detailed Reason (s) for cessation | Mr Ravi Mehrotra has decided to resign due to personal reasons. Other than as disclosed in this announcement, there are no other material reasons for the cessation of Mr Ravi Mehrotra as an Executive Chairman and Director. |
| 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 | 07/09/2012 |
| 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 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Executive Chairman and Director and a member of the Nominating Committee. |
| Role and responsibilities | Responsible for guiding the Group's strategy and monitoring the performance of the management. |
| Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries | None |
| Shareholding interest in the listed issuer and its subsidiaries? | Yes |
| Shareholding Details | HSBC (Singapore) Nominees Pte Ltd ("HSBC") holds 1,000,000 units in RHT Health Trust as nominee on behalf of Mr Ravi Mehrotra. Mr Mehrotra is deemed interested in the 1,000,000 units held by HSBC. |
| Past (for the last 5 years) | Religare Asset Management Company Limited Religare Capital Markets Limited AEGON Religare Life Insurance Company Limited Dion Global Solutions Limited Fortis Healthcare Limited Landmark Partners LLC Northgate Capital LLC Religare Enterprises Limited Religare Global Asset Management Inc. Religare Health Insurance Company Limited |
| Present | Fortis Global Healthcare Infrastructure Pte. Ltd. (Resigning with effect from 30 September 2017) RHT Health Trust Services Pte. Ltd. (Resigning with effect from 30 September 2017) |