ANNOUNCEMENT OF CESSATION AS CHIEF EXECUTIVE OFFICER
* Asterisks denote mandatory information
Name of Announcer *
SAKAE HOLDINGS LTD.
Company Registration No.
199604816E
Announcement submitted on behalf of
SAKAE HOLDINGS LTD.
Announcement is submitted with respect to *
SAKAE HOLDINGS LTD.
Announcement is submitted by *
Douglas Foo Peow Yong
Designation *
Executive Chairman
Date & Time of Broadcast
28-Feb-2014 19:22:30
Announcement No.
00295
ANNOUNCEMENT DETAILS
The details of the announcement start here ...
Name of person *
Douglas Foo Peow Yong
Age *
44
Is Effective Date of Cessation known? *
Yes
01/03/2014
Detailed Reason(s) for cessation *
Mr Douglas Foo Peow Yong will relinquish his position as Chief Executive Officer and remain as Executive Chairman of the Group. This will allow him to concentrate fully his role as Executive Chairman, which include spearheading the Group's overall direction and management of the Group's global strategic plans.
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
If yes, please elaborate *
NA
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
If yes, please elaborate *
NA
Any other relevant information to be provided to shareholders of the listed issuer? *
No
If yes, please elaborate *
NA
Date of Appointment to current position *
01/04/1997
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) *
Executive Chairman, Nominating Committee member, Remuneration Committee member
Role and responsibilities *
Mr Douglas Foo Peow Yong is responsible for spearheading the Group's overall direction and management of the Group's global strategic plans.
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 *
1
Shareholding
* in the listed issuer and its subsidiaries *
Direct Interest - 77,926,740 ordinary shares
Deemed Interest - 14,000,100 ordinary shares (deemed to be interested in 100 shares held by his wife, Ms Koh Yen Khoon and 14,000,000 shares held in trust by Mayban Nominees (Singapore) Private Limited.
Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries *
Brother of Ms Foo Lilian, Chief Executive Officer and Executive Director of Sakae Holdings Ltd.
OTHER DIRECTORSHIPS
Past (for the last 5 years) *
NTUC LearningHub Pte. Ltd.
Alexandra Health Pte. Ltd. (previously known as KTPH Pte. Ltd.)
SPRING Singapore Pte Ltd
EDC@SMA Pte Ltd
An Xuan Pte Ltd
ERC Holdings Pte. Ltd.
Beys Fitness & Spa Management Pte. Ltd.
SMF Enterprises Pte. Ltd.
Murdoch International Campus Pte Ltd
Present *
Scape Co., Ltd.
KPM Holdings Ltd
Griffin Real Estate Investment Holdings Pte. Ltd.
MOH Holdings Pte Ltd
Alexandra Health System Pte Ltd
Sentosa Leisure Management Pte Ltd
NTUC Foodfare Co-operative Ltd
NTUC U Care Fund Board of Trustees
Singapore Innovation & Productivity Institute Pte Ltd
SMF Centre For Corporate Learning Pte Ltd
SMF Institute of Higher Learning Pte Ltd
GS1 Singapore Ltd
Footnotes
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