Change - Announcement of Cessation::CESSATION OF NON-INDEPENDENT NON-EXECUTIVE DIRECTOR WHO IS AN AUDIT COMMITTEE MEMBER

Issuer & Securities

Issuer/ Manager
POLARIS LTD.
Securities
POLARIS LTD. - SG1L96897898 - 5BI
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
29-Apr-2016 17:41:58
Status
New
Announcement Sub Title
CESSATION OF NON-INDEPENDENT NON-EXECUTIVE DIRECTOR WHO IS AN AUDIT COMMITTEE MEMBER
Announcement Reference
SG160429OTHR6AIM
Submitted By (Co./ Ind. Name)
Ang Chuan Hui, Peter
Designation
Executive Director & CEO
Description (Please provide a detailed description of the event in the box below)
This announcement has been prepared by the Company and its contents have been reviewed by the Company's Sponsor, Stamford Corporate Services Pte Ltd, for compliance with the relevant rules of the SGX-ST. The Company's Sponsor has not independently verified the contents of this announcement.

This announcement has not been examined or approved by the SGX-ST and the SGX-ST assumes no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Mr Yap Wai Ming:
Tel: 6389 3000
Email: waiming.yap@morganlewis.com

Additional Details

Name Of Person
Sugiono Wiyono Sugialam
Age
53
Is effective date of cessation known?
Yes
If yes, please provide the date
29/04/2016
Detailed Reason (s) for cessation
To focus more on other company operation
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
26/07/2011
Does the AC have a minimum of 3 members (taking into account this cessation)?
No
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
1
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.)
Non-Independent & Non-Executive Director and Member of AC, RC and NC.
Role and responsibilities
Non-Executive
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Nil
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
326,003,652 ordinary shares in Polaris Ltd. (Direct Interest)
10,469,189,374 ordinary shares in Polaris Ltd. (Deemed Interest)

This represents Mr. Sugiono Wiyono Sugialam's deemed interest of :-

(a) 7,932,926,852 shares held by Tres Maria Capital Ltd. by virtue of his 100% shareholdings in Tres Maria Capital Ltd; and .
(b) 2,536,262,522 shares held by PT SL Trio by virtue of his majority shareholdings in PT SL Trio.
Past (for the last 5 years)
Director of Sanmobile Pte. Ltd.
Director of Vaditra Technology Pte. Ltd.
Director of Quadwine Pte. Ltd.
Director of Artisan Media Pte. Ltd.
Director of Indigo Entertainment Pte. Ltd.
Director of Adnovation Media Pte. Ltd.
Operational Director of San Media Pte. Ltd. (Singapore)
Director of Grain & Green Pte. Ltd.
Director of Whizfone International Pte. Ltd.
Director of Venturex Capital Pte. Ltd.
Director of Diomedes Ventures Pte. Ltd.
Director of Polaris Device Pte. Ltd.
Present
President Director and CEO of PT Trikomsel Oke Tbk. (Indonesia)
Chairman, President Commissioner of PT Triyakom (Indonesia)
Director of PT Skybee Tbk. (Indonesia)
First Director, Sales and Marketing of Crayon Digital Pte. Ltd. (Singapore)
Director of Sitcom Multimedia Pte. Ltd.
Director of Trikomsel Pte. Ltd.
Director of Escomindo Pte. Ltd.