Global Invacom Group Limited

04/30/2024 | Press release | Distributed by Public on 04/30/2024 03:27

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

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

Announcement Title Change - Announcement of Appointment
Date & Time of Broadcast Apr 30, 2024 17:22
Status New
Announcement Sub Title Appointment of Independent Non-Executive Director
Announcement Reference SG240430OTHR6I9X
Submitted By (Co./ Ind. Name) Yoo Loo Ping
Designation Company Secretary
Description (Please provide a detailed description of the event in the box below) Appointment of Independent Non-Executive Director
Additional Details
Date Of Appointment 01/05/2024
Name Of Person David Martin Gilmore
Age 74
Country Of Principal Residence United Kingdom
The Board's comments on this appointment (including rationale, selection criteria, board diversity considerations, and the search and nomination process) The Board of Directors, having considered the assessment and recommendation by the Nominating Committee, and having reviewed and considered the qualification and experiences of Mr David Martin Gilmore ("Mr Gilmore"), as well as the composition and diversity of skillsets of the Board, is of the view that Mr Gilmore possesses the requisite qualification and experiences to assume the role as an Independent Non-Executive Director of the Company.
Whether appointment is executive, and if so, the area of responsibility The appointment is non-executive.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) Independent Non-Executive Director, Chairman of Remuneration Committee, and Member of Audit and Risk Committee
Professional qualifications BSc(Eng) in Electrical Engineering, Imperial College London University
Chartered Engineer, the Institution of Engineering and Technology
Any relationship (including immediate family relationships) with any existing director, existing executive officer, the issuer and/ or substantial shareholder of the listed issuer or any of its principal subsidiaries Mr David Martin Gilmore is a Director of Methera Global Communications Ltd. ("MG"), with a shareholding of approximately 8%. MG is prime contractor of a research and development contract part funded by the European Space Agency ("ESA") and part funded by grant recipients, one of which is a subsidiary of Global Invacom Group Limited. The grant funds originate from ESA and pass through MG.
Conflict of interests (including any competing business) No conflict of interest.
Working experience and occupation(s) during the past 10 years 2011 to Present - GapSat Development Group Ltd. - Co-founder, President & Chief Operating Officer
2022 to Present - Craft Prospect Ltd. - Non-Executive Director
2015 to Present - Methera Global Communications Ltd. - Co-founder and Non-Executive Director
2009 to Present - Delta:Signet Ltd. - Director
Undertaking submitted to the listed issuer in the form of Appendix 7.7 (Listing Rule 704(7)) Or Appendix 7H (Catalist Rule 704(6)) Yes
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) Nil
Present 1. GapSat Development Group Ltd. - Co-founder, President & Chief Operating Officer
2. Craft Prospect Ltd. - Non-Executive Director
3. Methera Global Communications Ltd. - Co-founder and Non-Executive Director
4. Delta:Signet Ltd. - Director
(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
(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 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 an issuer listed on the Exchange? No
If no, please state if the director has attended or will be attending training on the roles and responsibilities of a director of a listed issuer as prescribed by the Exchange Mr Gilmore will be attending requisite training courses to familiarise himself with the roles and responsibilities as Director of a public company listed in Singapore Stock Exchange.