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

Issuer & Securities

Issuer/ Manager
SAMKO TIMBER LIMITED
Securities
SAMKO TIMBER LIMITED - SG1W64939547 - E6R
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
20-Jan-2016 17:44:38
Status
New
Announcement Sub Title
Resignation of Chief Executive Officer
Announcement Reference
SG160120OTHRBCBR
Submitted By (Co./ Ind. Name)
Kelly Kiar Lee Noi
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Resignation of Mr Aris Sunarko @ Ko Tji Kim as the Chief Executive Officer of the Company

Additional Details

Name Of Person
Aris Sunarko @ Ko Tji Kim
Age
57
Is effective date of cessation known?
Yes
If yes, please provide the date
26/06/2016
Detailed Reason (s) for cessation
In order to make plans for succession and pave way for new leadership of the Company, Mr Aris Sunarko @ Ko Tji Kim has tendered his resignation as Chief Executive Officer of the Company on 20 January 2016 and his last day of service would be on 26 June 2016. Mr Aris remains as an Executive Director and a member of the Board Risk Committee 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
26/12/2005
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)
2
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.)
Executive Director and Chief Executive Officer, member of the Board Risk Committee
Role and responsibilities
Mr Aris Sunarko @ Ko Tji Kim is overall responsible for the Group's business and report to the Board of Directors of the Company.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Mr Koh Boon Hong, Non-Executive Chairman of the Company, is the father of Mr Aris Sunarko @ Ko Tji Kim;

Mr Koh Tji Kiong @ Amir Sunarko, Non-Independent and Non-Executive Director of the Company and substantial shareholder of the Company, is the brother of Mr Aris Sunarko @ Ko Tji Kim;

Mr Koh Tji Beng @ Ambran Sunarko, substantial shareholder of the Company, is the brother of Mr Aris Sunarko @ Ko Tji Kim; and

Ms Cindy Sunarko, substantial shareholder of the Company, is the niece of Mr Aris Sunarko @ Ko Tji Kim.
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
Mr Aris Sunarko @ Ko Tji Kim has direct interest in 34,698,231 shares held in the Company and is deemed to be interested by virtue of Section 7 of the Companies Act, Cap. 50, in the following shares:-
(a) 5,657,000 shares held by Noah Shipping Pte Ltd;
(b) 33,846,346 shares held by Hasan Holdings Pte Ltd; and
(c) 150,597,000 shares held by First Fortuna Holdings Pte Ltd.
Past (for the last 5 years)
PT Pelayaran Nelly Dwi Putri Tbk
Present
PT Fortuna Sumber Rejeki
PT Buana Semesta Alam
First Fortuna Holdings Pte Ltd
PT Wijaya Triutama Plywood Industry
PT Mandiri Sejahtera Jaya Abadi