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

Issuer & Securities

Issuer/ Manager
TRAVELITE HOLDINGS LTD.
Securities
TRAVELITE HOLDINGS LTD. - SG1U95935722 - 5KH

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
28-Mar-2014 18:14:53
Status
New
Announcement Sub Title
Announcement of Cessation of Executive Officer
Announcement Reference
SG140328OTHRDTD5
Submitted By (Co./ Ind. Name)
Hoe Kee Kok
Designation
Executive Director
Description (Please provide a detailed description of the event in the box below)
Announcement of Cessation of Executive Officer

Additional Details

Name Of Person
Lim Teck Shiun
Age
44
Is effective date of cessation known?
Yes
If yes, please provide the date
28/03/2014
Detailed Reason (s) for cessation
Mr Lim ceased his employment with the Group following the completion of the disposal by the Company of the entire issued share capital of Travelite Marketing Sdn. Bhd. and Travel For All Sdn. Bhd.
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
07/05/2007
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)
3
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
2
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Head of Merchandising
Role and responsibilities
In charge of product development and sourcing for bags and travel essentials category, determining the positioning of each brand with the marketing department, establishing the strategic pricing to cater to various distribution channels and nationwide promotional events with major departmental stores in Malaysia
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
Mr Lim owns 44,397 shares in the Company registered in his name and another 250,000 shares held by a nominee company.
Past (for the last 5 years)
Nil
Present
Assorted Stream Sdn Bhd