Change - Announcement of Cessation::Cessation as President (Aerospace sector)

Issuer & Securities

Issuer/ Manager
SINGAPORE TECHNOLOGIES ENGINEERING LTD
Securities
SINGAPORE TECH ENGINEERING LTD - SG1F60858221 - S63
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
12-Aug-2020 17:29:35
Status
New
Announcement Sub Title
Cessation as President (Aerospace sector)
Announcement Reference
SG200812OTHRYO23
Submitted By (Co./ Ind. Name)
Tan Wan Hoon
Designation
Joint Company Secretary
Description (Please provide a detailed description of the event in the box below)
Cessation of Mr Lim Serh Ghee as the President (Aerospace sector) of Singapore Technologies Engineering Ltd ("ST Engineering")

Additional Details

Name Of Person
Lim Serh Ghee
Age
60
Is effective date of cessation known?
Yes
If yes, please provide the date
01/10/2020
Detailed Reason (s) for cessation
Mr Lim Serh Ghee will step down as President of Aerospace sector as part of management renewal and rejuvenation plan. He will assume the role of Chief Operating Officer of ST Engineering.
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
01/12/2014
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)
7
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.)
President, Aerospace sector
Role and responsibilities
As above
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
No
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
ST Engineering
- 1,236,797 shares
- up to 796,765 Performance Shares*
- 238,335 unvested Restricted shares**

* pursuant to the ST Engineering Performance Share Plan 2010
** pursuant to the ST Engineering Restricted Share Plan 2010
Past (for the last 5 years)
Composite Technology International Pte Ltd
Dalfort Aerospace GP, Inc
Pacific Flight Services Pte Ltd
San Antonio Aerospace GP, LLC
ST Aerospace Academy Pte. Ltd.
ST Aerospace Panama, Inc.
ST Aerospace Rotables Pte. Ltd.
ST Aviation Resources Pte Ltd
ST Engineering Aerospace Aircraft Maintenance Pte. Ltd.
ST Engineering Aerospace Engines Pte. Ltd.
ST Engineering Aerospace Resources Pte. Ltd.
ST Engineering Aerospace Supplies Pte. Ltd.
ST Engineering Aerospace Systems Pte. Ltd.
ST Engineering IHQ Pte. Ltd.
ST Engineering Management Services Pte. Ltd.
Turbine Coating Services Pte Ltd
Turbine Overhaul Services Pte Ltd
VT Mobile Aerospace Engineering, Inc.
VT San Antonio Aerospace, Inc.
Wingstar Pte. Ltd.
Present
Shanghai Technologies Aerospace Company Limited
ST Engineering Aerospace Guangzhou Aero-Technologies & Engineering Co., Ltd.
ST Engineering Aerospace Technologies (Xiamen) Co Ltd
ST Engineering Aerospace America, Inc.
ST Engineering Aerospace Ltd.
ST Engineering Aerospace Seats Pte. Ltd.
ST Engineering Aerospace Services Company Pte. Ltd.
ST Engineering Aerospace Solutions A/S
VisionTech Engineering Pte Ltd