Change - Announcement of Cessation::Cessation of Key Management Personnel
Issuer & Securities
SAKAE HOLDINGS LTD.
SAKAE HOLDINGS LTD. - SG1O42912715 - 5DO
Change - Announcement of Cessation
Date &Time of Broadcast
Announcement Sub Title
Cessation of Key Management Personnel
Submitted By (Co./ Ind. Name)
Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
The Board of Directors of Sakae Holdings Ltd. (the "Company" and together with its subsidiaries, the "Group") would like to announce the cessation of Ms. Gladys Lim Cheng Leng ("Ms. Lim") as Managing Director - Nouvelle Events & Catering of the Company with effect from 31st December 2019.
The detailed template announcement pursuant to Rule 704(7) of the Listing Manual of the Singapore Exchange Securities Trading Limited containing the particulars of Ms. Lim are set out below.
The Company would like to express its sincere thanks to Ms. Lim and wishes her well for her future endeavours.
It is noted that the Company has not been able to obtain Ms. Lim's confirmation on the contents of this announcement and accordingly the Company has prepared this announcement based on information available to the Company. If necessary, the Company will release a follow-up announcement upon receipt of Ms. Lim's confirmation.
Name Of Person
Gladys Lim Cheng Leng
Is effective date of cessation known?
If yes, please provide the date
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?
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?
Any other relevant information to be provided to shareholders of the listed issuer?
Date of Appointment to current position
Does the AC have a minimum of 3 members (taking into account this cessation)?
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Managing Director - Nouvelle Events & Catering
Role and responsibilities
Oversee Nouvelle Events as well as restaurant operations of the Group in Singapore.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Shareholding interest in the listed issuer and its subsidiaries?
Past (for the last 5 years)