Change - Announcement of Cessation::Cessation of Chairman and Independent Non-Executive Director

Issuer & Securities

Issuer/ Manager
SATS LTD.
Securities
SATS LTD. - SG1I52882764 - S58
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
19-Jul-2016 22:11:15
Status
New
Announcement Sub Title
Cessation of Chairman and Independent Non-Executive Director
Announcement Reference
SG160719OTHROO8V
Submitted By (Co./ Ind. Name)
S. Prema
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Announcement of Cessation of Chairman and Independent Non-Executive Director

Additional Details

Name Of Person
Cheng Wai Wing Edmund
Age
63
Is effective date of cessation known?
Yes
If yes, please provide the date
19/07/2016
Detailed Reason (s) for cessation
After serving for 13 years on the SATS Board, Mr Cheng has stepped down as Chairman which is in line with the Company's succession plans.
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
22/05/2003
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)
6
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.)
Chairman, Non-Executive Independent Director
Chairman, Executive Committee & Remuneration and Human Resource Committee
Member, Nominating Committee
Role and responsibilities
Chairman, Non Executive Independent Director
Executive Committee: Chairman
Nominating Committee: Member
Remuneration and Human Resource Committee: Chairman
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)
Please refer to the attached Appendix A
Present
Please refer to the attached Appendix B

Attachments

Appendix A and B_EC.pdf
Total size =14K