Anglo-Eastern Plantations PLC Directorate Change (6315M)
May 08 2015 - 5:30AM
UK Regulatory
TIDMAEP
RNS Number : 6315M
Anglo-Eastern Plantations PLC
08 May 2015
8 May 2015
Anglo-Eastern Plantations Plc
("AEP" or "Company")
Directorate Change
Anglo-Eastern Plantations Plc (AEP.L), a major producer of palm
oil and rubber with plantations across Indonesia and Malaysia, is
pleased to announce the appointment to the Board of Mr. Lim Tian
Huat, as an Independent Non-Executive Director, with effect from 8
May 2015. The Company also announces that Mr Nik Din Bin Nik
Sulaiman has resigned from the Board with effect from the 8 May
2015.
Mr. Lim, aged 60, a Malaysian citizen, is a member of the
Malaysian Institute of Accountants (MIA) and the Malaysia Institute
of Certified Public Accountants (MICPA). He is also a Fellow member
of the Association of Chartered Certified Accountants (ACCA) and is
the founding President of Insolvency Practitioners Association of
Malaysia (IPAM). He also holds a degree in BA Economics
(Honours).
Mr Lim is a practicing Chartered Accountant with his own
Corporate Restructuring and Insolvency Practice Rodgers Reidy &
Co. He is also the Managing Director of Andersen Corporate
Restructuring Sdn. Bhd. He was previously a partner in Ernst &
Young from 2002 to 2009 and prior to that, partner of Arthur
Andersen & Co from 1990 to 2002. He co-authored a book,
entitled "The Law and Practice of Corporate Receivership in
Malaysia and Singapore". Mr Lim served as Commissioner to the
United Nations Compensations Commission for a period of five years.
He was also appointed by the Domestic Trade Minister to be a member
of the Corporate Law Reform Committee (CLRC) under the purview of
the Companies Commission of Malaysia.
Upon joining the Board of AEP, Mr Lim will be appointed a member
of the Audit Committee, the Remuneration Committee and the
Nominations and Corporate Governance Committee.
The publicly quoted companies of which Mr. Lim has been a
director in the past five years are:
Current Directorships
Malaysia Building Society Berhad
UEM Sunrise Berhad
Previous Directorships
Ecofuture Bhd
In performing his role as a corporate restructuring practitioner
Mr Lim has been appointed to the Board of certain companies to
assist in the restructuring and liquidation of those companies. In
particular he has been a director of the following companies which
require to be disclosed in accordance with the Listing Rules set
out in the FCA Handbook:
As a Liquidator of the holding company, Mr Lim was also
appointed to the Board of MEC Audio Visual Products Sdn. Berhad,
MEC Home Appliances Sdn. Berhad and MEC Sales & Services Sdn
Berhad on 7 April 1999. These businesses were placed into
liquidation in 2000 and the liquidation process is yet to be
completed. The creditors are unlikely to recover anything upon
liquidation of these companies.
There are no further details to be disclosed by Mr. Lim under
paragraph 9.6.13R of the Listing Rules.
AEP also announces that the Board of Directors has accepted the
resignation of Mr Nik Din Bin Nik Sulaiman as the Senior
Independent Non-Executive Director of the Company with effect from
8 May 2015. All positions held by Mr Nik in the Board Committees
will also cease accordingly with effect from 8 May 2015. The Board
wishes to thank Mr Nik for his contribution to the Company and
wishes him every success in his future endeavours.
Mr Lim Tian Huat is now the Senior Independent Non- Executive
Director.
For further information, contact :-
Anglo-Eastern Plantations Plc
Dato' John Lim Ewe Chuan +44 (0)20 7216 4621
Charles Stanley Securities
Russell Cook +44 (0)20 7149 6000
Karri Vuori
This information is provided by RNS
The company news service from the London Stock Exchange
END
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