Change - Announcement of Cessation::Cessation of Chief Executive Officer

Issuer & Securities

Issuer/ Manager
PSL HOLDINGS LIMITED
Securities
PSL HOLDINGS LTD - SG1CC8000000 - BLL
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
12-Aug-2016 17:49:21
Status
New
Announcement Sub Title
Cessation of Chief Executive Officer
Announcement Reference
SG160812OTHRPOZ9
Submitted By (Co./ Ind. Name)
Suriamartara Tjahaja
Designation
Executive Director
Description (Please provide a detailed description of the event in the box below)
Cessation of Chief Executive Officer

Additional Details

Name Of Person
Mark Zhou You Chuan
Age
32
Is effective date of cessation known?
Yes
If yes, please provide the date
12/08/2016
Detailed Reason (s) for cessation
To pursue personal interest.
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
01/12/2015
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
4
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chief Executive Officer
Role and responsibilities
Executive position responsible for strategic planning, corporate management, operations and business development of the Group.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Nil
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
Has interest of 1,333,333 ordinary shares
Past (for the last 5 years)
PSL Holdings Limited
PSL Energy Resources Pte Ltd
Resource Hardware & Trading Pte Ltd
TSL Transport & Engineering Pte Ltd
PSL Maritime Strategic Pte Ltd
Present
PT Jaya Sukses Investasi
PT Selaras Sukses Selalu
PT Momentum Indonesia Investama
Bavarian Capital Pte Ltd