Change - Announcement of Cessation::Cessation as Independent Director

Issuer & Securities

Issuer/ Manager
SATS LTD.
Securities
SATS LTD. - SG1I52882764 - S58

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
23-Jul-2014 19:59:03
Status
New
Announcement Sub Title
Cessation as Independent Director
Announcement Reference
SG140723OTHRQKK3
Submitted By (Co./ Ind. Name)
S. Prema
Designation
Joint Company Secretary
Description (Please provide a detailed description of the event in the box below)
Retirement of Mr Keith Tay Ah Kee as Independent Director

Additional Details

Name Of Person
Keith Tay Ah Kee
Age
70
Is effective date of cessation known?
Yes
If yes, please provide the date
23/07/2014
Detailed Reason (s) for cessation
Retirement at the 41st Annual General Meeting held on 23 July 2014.
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
26/07/2007
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)
5
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Director
Role and responsibilities
Duties as Independent Director of the Board and member of the Audit Committee, Board Executive Committee and Nominating Committee.
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?
No
Past (for the last 5 years)
Please see attached
Present
Please see attached

Attachments

OTHER DIRECTORSHIPS OF MR KEITH TAY AH KEE.pdf
Total size =91K