Change - Announcement of Cessation::Announcement of Cessation of Key Management Executive

Issuer & Securities

Issuer/ Manager
SHS HOLDINGS LTD.
Securities
SHS HOLDINGS LTD. - SG1G33866144 - 566
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
12-May-2015 19:55:24
Status
New
Announcement Sub Title
Announcement of Cessation of Key Management Executive
Announcement Reference
SG150512OTHR9WWR
Submitted By (Co./ Ind. Name)
Ng Han Kok
Designation
Group Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Cessation of Key Management Executive

Additional Details

Name Of Person
Lim Siok Kwee, Thomas
Age
67
Is effective date of cessation known?
Yes
If yes, please provide the date
11/08/2015
Detailed Reason (s) for cessation
Resignation for personal reasons and desire to seek retirement from full time work.
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?
Yes
If Yes, Please provide full details
Mr Thomas will remain as adviser to the Company for corrossion prevention business for one year after his retirement.
Date of Appointment to current position
22/07/2013
Does the AC have a minimum of 3 members (taking into account this cessation)?
No
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
2
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
3
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Chairman and Director of subsidiaries.
Role and responsibilities
Executive.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Father of Mr Lim Peng Chuan Terence, a substantial shareholder of the Company.
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
3,470,575 ordinary shares(direct interest) and 350,000 ordinary shares (deemed interest) in the Company.
Past (for the last 5 years)
None
Present
SHS Special Coating Pte Ltd
SHS System Pte Ltd
SHS Offshore Pte Ltd
Gardella Singapore Coating Pte Ltd
Lesoon Equipment Pte Ltd
Speedo Corrosion Control Pte Ltd
TAT Petroleum Pte Ltd
Speedlock Equipment Sdn Bhd
Gardella Coating Philippines, Inc
Guangzhou City South Special Coating Limited
See Hup Seng CP Pte Ltd
Axxmo International Pte Ltd
Hetat Holdngs Pte Ltd
TAT Petroleum Trading Pte Ltd
Hetat Construction Pte Ltd
Hetat Pte Ltd