Change - Announcement of Cessation::ANNOUNCEMENT OF CESSATION OF CHIEF FINANCIAL OFFICER

Issuer & Securities

Issuer/ Manager
PSL HOLDINGS LIMITED
Securities
PSL HOLDINGS LTD - SG1CC8000000 - BLL
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
04-Jul-2017 17:12:45
Status
New
Announcement Sub Title
ANNOUNCEMENT OF CESSATION OF CHIEF FINANCIAL OFFICER
Announcement Reference
SG170704OTHRRLY7
Submitted By (Co./ Ind. Name)
Tan Cheang Shiong
Designation
Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
ANNOUNCEMENT OF CESSATION OF CHIEF FINANCIAL OFFICER

Additional Details

Name Of Person
Tan Cheang Shiong
Age
39
Is effective date of cessation known?
Yes
If yes, please provide the date
04/07/2017
Detailed Reason (s) for cessation
Following the appointment of Ms Yap Hui Mei, Angeline as the Group Financial Controller, Mr Tan Cheang Shiong, the Chief Executive Officer and Chief Financial Officer of the Group, will cease to act as Chief Financial Officer and shall focus on his duties as the Chief Executive Officer of 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
15/12/2016
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)
3
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
7
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chief Financial Officer
Role and responsibilities
Executive position including being responsible for the Group's financial functions including accounting, financial reporting, taxation and treasury management, mergers and acquisition, internal controls and risk management.
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?
No
Past (for the last 5 years)
Geo Coal International Pte. Ltd. (February 2016 - August 2016)
Borneo International Resources Pte. Ltd. (February 2016 - August 2016)
Present
KCL Logistics Pte. Ltd. (since January 2017)
PSL Maritime Strategic Pte. Ltd. (since January 2017)
PSL Metal Pte. Ltd. (since January 2017)
TSL Transport & Engineering Pte. Ltd. (since January 2017)
PSL Maritime Logistics Holdings Pte. Ltd. (since April 2017)
PSL Construction Logistics Holdings Pte. Ltd. (since April 2017)