Change - Announcement of Cessation::Resignation of Executive Chairman

Issuer & Securities

Issuer/ Manager
KTL GLOBAL LIMITED
Securities
KTL GLOBAL LIMITED - SG1W37938998 - EB7
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
28-Dec-2018 17:29:35
Status
New
Announcement Sub Title
Resignation of Executive Chairman
Announcement Reference
SG181228OTHR4UM7
Submitted By (Co./ Ind. Name)
Tan Kheng Kuan
Designation
Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Resignation of Executive Chairman

Additional Details

Name Of Person
Tan Tock Han
Age
72
Is effective date of cessation known?
Yes
If yes, please provide the date
28/12/2018
Detailed Reason (s) for cessation
Mr Tan is resigning from his position as Executive Chairman, pursuant to a management restructuring exercise. He will remain in his existing positions in the Group's subsidiaries.
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
19/03/2007
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
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Chairman
Role and responsibilities
Responsible for formulating the Group's strategic direction and expansion plans, and managing its overall business development.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Mr Tan is the father of the Company's Chief Executive Officer, Mr Tan Kheng Kuan.
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
Direct interest in 44,583,191 ordinary shares and deemed interest in 123,200,000 ordinary shares in the capital of KTL Global Limited.

Deemed interest in all the subsidiaries of KTL Global Limited
Past (for the last 5 years)
Nil
Present
Kim Teck Leong Pte Ltd

KTL Offshore Pte Ltd