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

Issuer & Securities

Issuer/ Manager
APTT MANAGEMENT PTE. LIMITED
Securities
ASIAN PAY TELEVISION TRUST - SG2F77993036 - S7OU
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
14-Jul-2026 21:05:10
Status
New
Announcement Sub Title
Cessation of Chief Executive Officer
Announcement Reference
SG260714OTHR2N47
Submitted By (Co./ Ind. Name)
Annie Koh
Designation
Financial Controller
Description (Please provide a detailed description of the event in the box below)
Cessation as Chief Executive Officer

Additional Details

Name of person
Somnath Adak
Age
42
Is effective date of cessation known?
Yes
If yes, please provide the date.
21/08/2026
Detailed reason(s) for cessation
Mr Somnath Adak has tendered his resignation to pursue another career opportunity. Mr Adak is currently serving his notice period and will remain in his role until his last day of employment on 21 August 2026. During this period, he will continue to work closely with the Board and the management team to ensure an orderly transition and handover of his responsibilities.

The Board wishes to thank Mr Adak for his leadership at the Trustee-Manager, first as Chief Financial Officer from 2017 to 2024 and subsequently as CEO from August 2024. During this period, Mr Adak has worked closely with the Board to reduce debt levels and strengthen the balance sheet, while growing the Broadband business. The Board appreciates Mr Adak's invaluable contributions and wish him well in his future endeavours.
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
01/08/2024
Job title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chief Executive Officer
Role and responsibilities
Executive
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
Do independent directors make up at least one-third of the board (taking into account this cessation)?
Yes
Number of cessations of appointments specified in Mainboard Rule 704(7) or Catalist Rule 704(6) over the past 12 months
1
Shareholding interest in the listed issuer and its subsidiaries
No
Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries
N/A
Other Directorships
Past (for the last 5 years)
Chairman of The Institute of Chartered Accountants of India, Singapore Chapter (Non-profit organisation, volunteer role)

Directorship in subsidiaries within APTT Group
1) APTT Holdings 1 Limited
2) APTT Holdings 2 Limited
3) Cable TV S.A.
4) TBC Holdings B.V.
5) Harvest Cable Holdings B.V.
Present
N/A