Monday, 1 June 2015

Melewar: Is resignation a reason for a resignation?

Another "interesting" reason given for a director's resignation following my previous posting.

Change in Boardroom

MELEWAR INDUSTRIAL GROUP BERHAD

Date of change01 Jun 2015
NameDatuk LIM KIM CHUAN
Age56
NationalityMalaysia
DesignationDirector
DirectorateExecutive
Type of changeResignation
Reason
Resignation


(Source: http://www.bursamalaysia.com/market/listed-companies/company-announcements/4760405)

A director resigns from a listed issuer and does not provide reasons for his resignation. Is the listed issuer still required to provide reasons for the resignation of the director in the announcement under paragraph 9.19(12)(b) of the Main LR?

Under paragraph 9.19(12)(b), the listed issuer is required to disclose the reasons for the
cessation of office of its director. Hence, the listed issuer must engage with the relevant
director for the reasons of his resignation.
(Source: http://customer.bursamalaysia.com:8080/MainLR/Pages/FAQ%209.13.aspx)

Reason for a resignation: Resignation??

P/s: Amendment was made on 4 June 2015

Reason for resignation: semi-retirement

http://www.bursamalaysia.com/market/listed-companies/company-announcements/4764577

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