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

Issuer & Securities

Issuer/ Manager
NEXT-GENERATION SATELLITE COMMUNICATIONS LIMITED
Securities
NEXT-GEN SATELLITE COMM LTD - SG1I31881119 - B07
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
01-Sep-2014 18:04:14
Status
New
Announcement Sub Title
Cessation as Chief Executive Officer
Announcement Reference
SG140901OTHRNTTW
Submitted By (Co./ Ind. Name)
Andrew Coulton
Designation
Executive Chairman
Description (Please provide a detailed description of the event in the box below)
Cessation as Chief Executive Officer

Additional Details

Name Of Person
Lam Ah Seng @ Lam Pang Chuang
Age
66
Is effective date of cessation known?
Yes
If yes, please provide the date
31/08/2014
Detailed Reason (s) for cessation
Mr Lam Ah Seng @ Lam Pang Chuang has stepped down as chief executive officer of the Company upon the expiry of his service contract with the Company on 31 August 2014. Mr Lam will remain as an executive director of the Company.
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
01/03/2014
Does the AC have a minimum of 3 members (taking into account this cessation)?
No
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
3
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chief Executive Officer and Executive Director
Role and responsibilities
Chief Executive Officer of the Company
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
Direct Interest - 31,897,901 ordinary shares of Next Generation Satellite Communications Limited
Deemed Interest - 4,799,887 ordinary shares of Next Generation Satellite Communications Limited held by Ban Joo Investment (Pte) Ltd by virtue of Section 7 of the Singapore Companies Act.
Past (for the last 5 years)
Please see Appendix A
Present
Please see Appendix A

Attachments

AppendixA.pdf
Total size =9K