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

Issuer & Securities

Issuer/ Manager
BANYAN TREE HOLDINGS LIMITED
Securities
BANYAN TREE HOLDINGS LIMITED - SG1T49930665 - B58
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
13-Nov-2018 23:37:04
Status
New
Announcement Sub Title
Cessation of Chief Financial Officer
Announcement Reference
SG181113OTHRQDEA
Submitted By (Co./ Ind. Name)
Jane Teah
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Cessation of Chief Financial Officer - Mr Eddy See Hock Lye

Additional Details

Name Of Person
Eddy See Hock Lye
Age
53
Is effective date of cessation known?
Yes
If yes, please provide the date
13/11/2018
Detailed Reason (s) for cessation
Mr. Eddy See holds the position of Group Managing Director and Chief Financial Officer since 1 January 2017 and 19 April 2004 respectively. With the appointment of Mr. Kuan Chiet as Chief Financial Officer with effect from 13 November 2018, Mr. Eddy See relinquishes his role as Chief Financial Office and remains the Group Managing Director.
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
01/01/2017
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)
5
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Group Managing Director
Role and responsibilities
Overseeing the execution of Banyan Tree Group's corporate and business strategies and policies as well as conduct of its business operations.
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
391,100
Past (for the last 5 years)
Nil
Present
Please refer to Appendix A

Attachments