Change - Announcement of Cessation::RESIGNATION OF CHIEF EXECUTIVE OFFICER AND DIRECTOR

Issuer & Securities

Issuer/ Manager
KTL GLOBAL LIMITED
Securities
KTL GLOBAL LIMITED - SG1W37938998 - EB7
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
02-Nov-2017 21:11:10
Status
New
Announcement Sub Title
RESIGNATION OF CHIEF EXECUTIVE OFFICER AND DIRECTOR
Announcement Reference
SG171102OTHRQMHJ
Submitted By (Co./ Ind. Name)
Tan Tock Han
Designation
Executive Chairman
Description (Please provide a detailed description of the event in the box below)
Resignation of Chief Executive Officer and Director

Additional Details

Name Of Person
Tan Kheng Yeow
Age
45
Is effective date of cessation known?
Yes
If yes, please provide the date
02/11/2017
Detailed Reason (s) for cessation
Mr Tan Kheng Yeow is resigning from his position as Chief Executive Officer ("CEO") and Director of the Company for personal reasons and will be engaged as an adviser to the Group.
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
19/03/2007
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
0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chief Executive Officer and Director
Role and responsibilities
Responsible for executing the Group's strategies and overseeing the day-to-day operations and administrative matters, including sales, marketing and business development in Singapore
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Mr Tan Kheng Yeow is the son of Mr Tan Tock Han, the Executive Chairman and substantial shareholder of the Company, and the brother of Mr Tan Kheng Kuan, who has been appointed as CEO and Director of the Company with effect from 2 November 2017.
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
Direct interest in 264,400 shares and deemed interest in 123,200,000 shares of the Company
Past (for the last 5 years)
WILJOHN INVESTMENT PTE. LTD.
BROOKE OFFSHORE PTE. LTD.
INTREPID OFFSHORE CONSTRUCTION PTE. LTD.
KTL LOGAN PTE. LTD.
BROOKE MANPOWER SERVICES PTE. LTD.
ASCENTIUM PTE. LTD.
FW COASTAL VENTURES PTE. LTD.
A&W GROUP PTE. LTD.
CREDENCE OFFSHORE PTE. LTD.
KTL SELETAR RESOURCES PTE. LTD.
WILJOHN PTE. LTD.
Present
KTL OFFSHORE PTE. LTD.
PRESTIGE CARS PTE. LTD.
KIM TECK LEONG PTE. LTD.
MUNICH AUTOMOBILES PTE. LTD.
KTL INVESTMENT PTE. LTD.
KTL OFFSHORE (MALAYSIA) SDN. BHD.
KTL REALTY HOLDING SDN. BHD.
PT. KTL OFFSHORE INDONESIA