Change - Announcement of Cessation::RETIREMENT OF DIRECTOR

Issuer & Securities

Issuer/ Manager
SBS TRANSIT LTD
Securities
SBS TRANSIT LTD - SG1F58858209 - S61

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
24-Apr-2014 19:15:20
Status
New
Announcement Sub Title
RETIREMENT OF DIRECTOR
Announcement Reference
SG140424OTHRKZD0
Submitted By (Co./ Ind. Name)
CHAN WAN TAK, WENDY
Designation
COMPANY SECRETARY
Description (Please provide a detailed description of the event in the box below)
Please refer to the attachment.

Additional Details

Name Of Person
TAN KONG ENG
Age
80
Is effective date of cessation known?
Yes
If yes, please provide the date
24/04/2014
Detailed Reason (s) for cessation
Retirement at Annual General Meeting as Mr Tan Kong Eng did not seek re-appointment pursuant to Section 153(6) of the Companies Act, Cap. 50
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
10/12/1992
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.)
Independent Non-Executive Director and Member of Audit and Risk Committee
Role and responsibilities
Independent Non-Executive Director and Member of Audit and Risk Committee
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
SBS Transit Ltd
214,800 shares
691,548 shares (deemed interest)
Past (for the last 5 years)
Nil
Present
Changi Bus Company (Private) Limited and Glory & Company Private Limited