Change - Announcement of Cessation::Announcement of Cessation as Non-Executive Director

Issuer & Securities

Issuer/ Manager
DBS GROUP HOLDINGS LTD
Securities
DBS GROUP HOLDINGS LTD - SG1L01001701 - D05
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
09-Mar-2020 08:36:23
Status
New
Announcement Sub Title
Announcement of Cessation as Non-Executive Director
Announcement Reference
SG200309OTHRJOY4
Submitted By (Co./ Ind. Name)
Teoh Chia-Yin
Designation
Group Secretary
Description (Please provide a detailed description of the event in the box below)
Announcement of Cessation as Non-Executive Director - Mr Nihal Vijaya Devadas Kaviratne CBE

Additional Details

Name Of Person
Nihal Vijaya Devadas Kaviratne CBE
Age
75
Is effective date of cessation known?
Yes
If yes, please provide the date
31/03/2020
Detailed Reason (s) for cessation
As part of the Board renewal process, Mr Kaviratne will be stepping down as a Director of DBS Group Holdings Ltd ("DBSH") after the conclusion of the DBSH Annual General Meeting, which is scheduled to be held on 31 March 2020. He was appointed to the DBSH Board on 29 April 2011 and has served as a non-executive Director for close to 9 years. The Board and Management of DBS would like to express their gratitude to Mr Kaviratne for his invaluable contributions to the Board and the DBS Group.
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
29/04/2011
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.)
Non-Executive and Independent Director
Member of the Board Risk Management Committee
Member of the Compensation and Management Committee
Role and responsibilities
Non-Executive Director
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
3,690 ordinary shares in DBS Group Holdings Ltd
Past (for the last 5 years)
1. Akzo Nobel India Limited
2. SATS Ltd.
3. TVS Motor (Singapore) Pte. Limited
4. PT TVS Motor Company
Present
1. DBS Bank Ltd.
2. DBS Foundation Ltd.
3. Caraway Pte. Ltd.
4. GlaxoSmithKline Pharmaceuticals Ltd
5. Olam International Limited
6. StarHub Ltd