Change - Announcement of Cessation::Announcement of Cessation as Chief Financial Officer

Issuer & Securities

Issuer/ Manager
SATS LTD.
Securities
SATS LTD. - SG1I52882764 - S58
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
28-Oct-2016 17:08:17
Status
New
Announcement Sub Title
Announcement of Cessation as Chief Financial Officer
Announcement Reference
SG161028OTHRHQX8
Submitted By (Co./ Ind. Name)
S. Prema
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Announcement of Cessation as Chief Financial Officer

Additional Details

Name Of Person
Cho Wee Peng
Age
47
Is effective date of cessation known?
Yes
If yes, please provide the date
30/11/2016
Detailed Reason (s) for cessation
To pursue his personal interests
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
01/07/2013
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)
7
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.)
Chief Financial Officer
Role and responsibilities
Mr Cho Wee Peng has been carrying on the role and responsibilities of a Chief Financial Officer of the Company.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
No
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
59,600 SATS Ltd. Ordinary Shares
60,300 unvested shares granted pursuant to SATS Restricted Share Plan
377,000 unvested shares granted pursuant to SATS Performance Share Plan
Past (for the last 5 years)
Please see Annex A
Present
Please see Annex B

Attachments