ANNOUNCEMENT OF CESSATION AS EXECUTIVE OFFICER
* Asterisks denote mandatory information
Name of Announcer *
PS GROUP HOLDINGS LTD.
Company Registration No.
201311530Z
Announcement submitted on behalf of
PS GROUP HOLDINGS LTD.
Announcement is submitted with respect to *
PS GROUP HOLDINGS LTD.
Announcement is submitted by *
Teo Choon Hock
Designation *
Executive Chairman
Date & Time of Broadcast
29-Jan-2014 19:27:59
Announcement No.
00188
ANNOUNCEMENT DETAILS
The details of the announcement start here ...
Name of person *
Teo Yong Tat
Age *
23
Is Effective Date of Cessation known? *
Yes
31/01/2014
Detailed Reason(s) for cessation *
To pursue other career opportunities.
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
If yes, please elaborate *
NA
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
If yes, please elaborate *
NA
Any other relevant information to be provided to shareholders of the listed issuer? *
No
If yes, please elaborate *
NA
Date of Appointment to current position *
12/12/2011
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) *
Business Development Manager
Role and responsibilities *
Mr. Teo is responsible for establishing and/or maintaining relationships with the Company's customers and suppliers, developing business opportunities in existing and potential markets as well as reviewing quotations for and confirming orders with customers.
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 (excluding this cessation)
Shareholding
* in the listed issuer and its subsidiaries *
Mr. Teo holds 80,000 shares in the share capital of the Company
Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries *
Mr. Teo is the son of Mr. Teo Choon Hock, the Executive Chairman of the Company
OTHER DIRECTORSHIPS
Past (for the last 5 years) *
Nil
Present *
Nil
Footnotes
This announcement has been prepared by the Company and its contents have been reviewed by the Companys sponsor, United Overseas Bank Limited (the Sponsor), for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (the SGX-ST). The Sponsor has not independently verified the contents of this announcement.
This announcement has not been examined or approved by the SGX-ST. The Sponsor and the SGX-ST assume no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made or reports contained in this announcement.
The contact persons for the Sponsor are Mr Khong Choun Mun, Managing Director, Corporate Finance and Mr David Tham, Senior Director, Corporate Finance, who can be contacted at 80 Raffles Place, #03-03 UOB Plaza 1, Singapore 048624, Telephone: +65 6539 1177.
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