Change - Announcement of Cessation::Change - Announcement of Cessation

Issuer & Securities

Issuer/ Manager
SINGAPORE TECHNOLOGIES ENGINEERING LTD
Securities
SINGAPORE TECH ENGINEERING LTD - SG1F60858221 - S63

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
12-May-2014 17:23:41
Status
New
Announcement Sub Title
Change - Announcement of Cessation
Announcement Reference
SG140512OTHR0LKU
Submitted By (Co./ Ind. Name)
Chua Su Li
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Cessation of Chang Cheow Teck as President of Singapore Technologies Aerospace Ltd

Additional Details

Name Of Person
Chang Cheow Teck
Age
54
Is effective date of cessation known?
Yes
If yes, please provide the date
01/07/2014
Detailed Reason (s) for cessation
Mr Chang has resigned to pursue personal 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?
Yes
If Yes, Please provide full details
In the interim, Mr Tan Pheng Hock, the Group's President and CEO, will oversee the business of ST Aerospace until a successor is appointed. To facilitate a smooth transition, Mr Chang will take on a role as Advisor to Mr Tan until 31 December 2014.
Date of Appointment to current position
01/05/2010
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)
7
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.)
President, Singapore Technologies Aerospace Ltd
Role and responsibilities
Overall management of the Aerospace sector
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
None
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
Singapore Technologies Engineering Ltd
- 704,802 ordinary shares fully paid
- up to 394,400 contingent award of Performance Shares*
- up to 148,500 contingent award of Restricted Shares#
- 36,660 unvested Restricted shares#

* pursuant to ST Engineering Performance Share Plan 2010
# pursuant to ST Engineering Restricted Share Plan 2010
Other Directorships
Past (for the last 5 years)
See attached Annex A
Present
See attached Annex A

Attachments

CCT - Annex A.pdf
STEngg_announces_management_change.pdf
Total size =97K