Change - Announcement of Cessation::Cessation of Executive Director and President & Chief Executive Officer - Mr Alex Hungate

Issuer & Securities

Issuer/ Manager
SATS LTD.
Securities
SATS LTD. - SG1I52882764 - S58
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
01-Oct-2021 18:06:41
Status
New
Announcement Sub Title
Cessation of Executive Director and President & Chief Executive Officer - Mr Alex Hungate
Announcement Reference
SG211001OTHRW35F
Submitted By (Co./ Ind. Name)
S. Prema
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Mr. Alex Hungate, the President & Chief Executive Officer and Executive Director, will be leaving the Company in December 2021 to take up a new role in a different industry.

Additional Details

Name Of Person
Alexander Charles Hungate
Age
55
Is effective date of cessation known?
Yes
If yes, please provide the date
31/12/2021
Detailed Reason (s) for cessation
Mr. Hungate has decided to take up a new role in a different industry.
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
01/01/2014
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)
8
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
2
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
- Executive Director
- President & Chief Executive Officer
- Member of the Board Executive Committee
Role and responsibilities
Mr. Hungate is responsible for the overall management of the SATS Group.
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
3,917,136 ordinary voting shares
166,500 shares which remain unvested under the SATS Restricted Share Plan
1,055,000 shares which remain unvested under the SATS Performance Share Plan
Past (for the last 5 years)
Please refer to the attachment for the details of past directorships.
Present
Please refer to the attachment for the details of present directorships

Attachments

Present_and_Past_Directorships_of_PCEO.pdf
Media_Release_Cessation_of_PCEO.pdf
Total size =586K