Change - Announcement of Cessation::Suen Yiu Chung Dicky - Resignation as Executive Director and CEO

Issuer & Securities

Issuer/ Manager
SKY ONE HOLDINGS LIMITED
Securities
SKY ONE HOLDINGS LIMITED - SG1W50939246 - 5MM
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
13-Nov-2014 02:25:59
Status
New
Announcement Sub Title
Suen Yiu Chung Dicky - Resignation as Executive Director and CEO
Announcement Reference
SG141113OTHRHPTJ
Submitted By (Co./ Ind. Name)
Agus Sugiono
Designation
Executive Chairman and Chief Executive Officer
Effective Date and Time of the event
12/11/2014 17:00:00
Description (Please provide a detailed description of the event in the box below)
Resignation of Suen Yiu Chung Dicky ("Mr Dicky Suen") as Executive Director and Chief Executive Officer of the Company. Cessation of Mr Dicky Suen as the Chairman of the Executive Committee and a member of the Nominating Committee concurrently with his resignation as a Director of the Company.

This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, Canaccord Genuity Singapore Pte. Ltd. ("Sponsor"), for compliance with the relevant rules of 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 and the SGX-ST assumes 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 person for the Sponsor is Mr Alex Tan, Chief Executive Officer, Canaccord Genuity Singapore Pte. Ltd., 77 Robinson Road, #21-02 Singapore 068896, telephone (65) 6854 6150.

Additional Details

Name Of Person
Suen Yiu Chung Dicky
Age
43
Is effective date of cessation known?
Yes
If yes, please provide the date
12/11/2014
Detailed Reason (s) for cessation
Changes in Board composition and management of the Company pursuant to the completion of the acquisition of Energy Prima Pte. Ltd. by the Company. Please refer to the Company's circular to shareholders dated 30 September 2014 for further details.
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
28/01/2008
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)
1
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.)
Executive Director and Chief Executive Officer. A member of the Nominating Committee
Role and responsibilities
As Chief Executive Officer of the Group, Mr Dicky Suen was responsible for setting strategy for the Group and the future growth of the Group. He was involved in developing and implementing the corporate direction and day-to-day general management of the Group's business operations. In addition, Mr Dicky Suen's duties as a member of the Nominating Committee included those set out in the terms of reference of the Nominating Committee.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
None.
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
46,826,692 ordinary shares in the Company.
Other Directorships
Past (for the last 5 years)
Please see the attached file
Present
Please see the attached file.

Attachments

Cessation_DS_App.pdf
Total size =8K