News
Change - Announcement Of Cessation Of President Director And Director, Distribution For PT Nirwana Lestari
BackMay 14, 2015
| Announcement Title | Change - Announcement of Cessation |
| Announcement Subtitle | Announcement of Cessation of President Director and Director, Distribution for PT Nirwana Lestari |
| Securities | PETRA FOODS LIMITED (PETRAF) |
| Date & Time of Broadcast | May 14, 2015 18:40 |
| Submitted By | Madelyn Kwang Yeit Lam Company Secretary |
| Description | Announcement of Cessation of President Director and Director, Distribution for PT Nirwana Lestari |
| Cessation Details | |
| Name of person | Pontjo Susanto Widjaja |
| Age | 64 |
| Is effective date of cessation known? | Yes |
| Effective date for cessation | May 14, 2015 |
| Detailed reason(s) for cessation | Change in role and responsibility within the Petra Group of Companies. Due to an internal re-organisation exercise, and a consequent restructuring of roles and responsibilities, Mr Pontjo Susanto Widjaja will cease as President Director and Director, Distribution of NL, while he fulfills the role of Commissioner with immediate effect and will no longer be considered a key executive officer of the Company. |
| 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 | Nov 5, 2004 |
| Does the AC have a minimum of 3 members (taking into account this cessation)? | Yes |
| Number of independent directors currently resident in Singapore (taking this 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 | 2 |
| Job Title | President Director and Director, Distribution for PT Nirwana Lestari |
| Role and responsibilities | To serve as Commissioner, for PT Perusahaan Industri Ceres ("PT Ceres"); and PT Nirwana Lestari ("PT NL"); and, to sit on the Country Emergency Management Committee for PT Ceres and PT NL. |
| Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidaries | Nil |
| Shareholdings interest in the listed issuer and its subsidaries? | Yes |
| Shareholding Details | 105,000 ordinary shares in Petra Foods Limited. |
| Other directorships | |
| Past (for the last 5 years) | PT Nirwana Lestari |
| Present | Nil |