Change - Announcement of Cessation::ANNOUNCEMENT OF CESSATION OF NON-EXECUTIVE CHAIRMAN

Issuer & Securities

Issuer/ Manager
PSL HOLDINGS LIMITED
Securities
PSL HOLDINGS LTD - SG1CC8000000 - BLL
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
29-Oct-2017 16:57:43
Status
New
Announcement Sub Title
ANNOUNCEMENT OF CESSATION OF NON-EXECUTIVE CHAIRMAN
Announcement Reference
SG171029OTHR43II
Submitted By (Co./ Ind. Name)
Tan Cheang Shiong
Designation
Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
ANNOUNCEMENT OF CESSATION OF NON-EXECUTIVE CHAIRMAN

Additional Details

Name Of Person
SUCIPTO
Age
38
Is effective date of cessation known?
Yes
If yes, please provide the date
27/10/2017
Detailed Reason (s) for cessation
MR SUCIPTO HAS INFORMED THAT DUE TO HIS OTHER WORK COMMITMENTS, HE IS NO LONGER ABLE TO DEVOTE TIME TO CONTRIBUTE EFFECTIVELY AND DEMONSTRATE UNDIVIDED COMMITMENT TO THE COMPANY. ACCORDINGLY, MR SUCIPTO HAS TENDERED HIS RESIGNATION AS THE NON-EXECUTIVE CHAIRMAN AND A DIRECTOR OF THE COMPANY WITH EFFECT FROM 27 OCTOBER 2017.
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
17/03/2016
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
5
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
NON-EXECUTIVE CHAIRMAN
Role and responsibilities
NON-EXECUTIVE CHAIRMAN
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
MR SUCIPTO IS THE BROTHER OF MR SUMAN HADI NEGORO, A SUBSTANTIAL SHAREHOLDER OF THE COMPANY
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
NIL
Present
PT. GOLDEN GREAT BORNEO
PT. BUMI BAGUS SENTOSA
PT. CIPTA USAHA INDOGUNA
PT. ENERGI INTI BUMI