Change - Announcement of Cessation::Cessation of Executive Director

Issuer & Securities

Issuer/ Manager
TRAVELITE HOLDINGS LTD.
Securities
TRAVELITE HOLDINGS LTD. - SG1BF1000002 - BCZ
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
31-Dec-2018 12:48:16
Status
New
Announcement Sub Title
Cessation of Executive Director
Announcement Reference
SG181231OTHRDK4P
Submitted By (Co./ Ind. Name)
Thang Teck Jong
Designation
Executive Chairman
Description (Please provide a detailed description of the event in the box below)
Cessation of Executive Director who is a member of the Audit Committee, Nominating Committee and Remuneration Committee of the Company.

Additional Details

Name Of Person
Yeo Toon Wee
Age
64
Is effective date of cessation known?
Yes
If yes, please provide the date
01/01/2019
Detailed Reason (s) for cessation
To pursue other interests. Mr Yeo will not continue his employment with 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
05/05/2017
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)
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.)
Executive Director and a member of the Nominating Committee, Remuneration Committee and Audit Committee.
Role and responsibilities
Responsible for implementing the Group's conceptual directions and developing strategies for the Group.
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
Mr Yeo owns 27,600 shares in the share capital of the Company.
Past (for the last 5 years)
SYI Co. (Pte) Ltd
YG Marketing Pte. Ltd.
Present
Accord Integrated Pte. Ltd.
Singapore Crocodile (1968) Pte Ltd