Change - Announcement of Cessation::Stepping Down of Independent Non-Executive Director - Mr Yap Kim Wah

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
09-Jun-2023 19:01:07
Status
New
Announcement Sub Title
Stepping Down of Independent Non-Executive Director - Mr Yap Kim Wah
Announcement Reference
SG230609OTHRMTOI
Submitted By (Co./ Ind. Name)
Low Siew Tian
Designation
Assistant Company Secretary
Description (Please provide a detailed description of the event in the box below)
Stepping down of Mr Yap Kim Wah as an Independent Non-Executive Director

Additional Details

Name Of Person
Yap Kim Wah
Age
75
Is effective date of cessation known?
Yes
If yes, please provide the date
21/07/2023
Detailed Reason (s) for cessation
Mr Yap has decided to step down upon the conclusion of the 50th Annual General Meeting of the Company on 21 July 2023 to focus on his other work commitments.
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
20/07/2016
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)
6
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.)
- Independent Non-Executive Director
- Chairman of the Board Risk and Safety Committee
- Member of the Audit Committee
Role and responsibilities
Same as above
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Nil
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
42,600 ordinary shares
Past (for the last 5 years)
Please refer to the attachment for the details of past directorships
Present
Please refer to the attachment for the details of present directorships

Attachments

Present_and_Past_Directorships_of_YKW.pdf
Total size =63K