Change - Announcement of Cessation::CESSATION AS CHAIRMAN, EXECUTIVE DIRECTOR AND CHIEF EXECUTIVE OFFICER

Issuer & Securities

Issuer/ Manager
K1 VENTURES LIMITED
Securities
K1 VENTURES LIMITED - SG1CD1000005 - BLT
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
27-Oct-2016 18:14:57
Status
New
Announcement Sub Title
CESSATION AS CHAIRMAN, EXECUTIVE DIRECTOR AND CHIEF EXECUTIVE OFFICER
Announcement Reference
SG161027OTHRHO9K
Submitted By (Co./ Ind. Name)
Winnie Mak
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Cessation of Mr Steven Jay Green as Chairman, Executive Director and Chief Executive Officer of the Company.

Additional Details

Name Of Person
Steven Jay Green
Age
71
Is effective date of cessation known?
Yes
If yes, please provide the date
27/10/2016
Detailed Reason (s) for cessation
Mr Steven Jay Green retired from office as Chairman of the Board and Executive Director at the conclusion of the Annual General Meeting held on 27 October 2016 ("2016 AGM"). Mr Green also stepped down as Chief Executive Officer of the Company at the conclusion of the 2016 AGM.
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
07/09/2001
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)
3
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chairman of the Board of Directors, Executive Director and Chief Executive Officer.
Role and responsibilities
As above
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Mr Steven Green controls Greenstreet Partners, L.P., a limited partnership and Green Family Foundation, a private foundation, both of which are substantial shareholders of the Company.
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
Deemed interest in 61,066,560 shares of k1 Ventures Limited
Past (for the last 5 years)
D.L. Associates, L.P.
D.L. Enterprises, Inc.
Knowledge Schools Inc.
Vistage International, Inc.
GS Maritime Holdings, LLC
United Maritime Group
GIC Real Estate Private Limited
Long Haul Holdings Corp.
Knowledge Universe Learning Group, LLC
Knowledge Universe Holdings, LLC
KU Education, Inc.
Present
GFI II, L.P.
GFI III, L.P.
Green Family Foundation
Greenstreet Capital Management, Inc.
Guggenheim International
Guggenheim Capital