Change - Announcement of Cessation::Cessation of Executive Director and Chief Financial Officer

Issuer & Securities

Issuer/ Manager
PSL HOLDINGS LIMITED
Securities
PSL HOLDINGS LTD - SG2C18961723 - L6T
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
30-Apr-2015 17:31:00
Status
New
Announcement Sub Title
Cessation of Executive Director and Chief Financial Officer
Announcement Reference
SG150430OTHRQ2D3
Submitted By (Co./ Ind. Name)
Mark Zhou You Chuan
Designation
Executive Director
Description (Please provide a detailed description of the event in the box below)
Cessation of Executive Director and Chief Financial Officer

Additional Details

Name Of Person
Lye Soon Ngian
Age
64
Is effective date of cessation known?
Yes
If yes, please provide the date
30/04/2015
Detailed Reason (s) for cessation
Retirement pursuant to Article 88 of the Company's Articles of Association to pursue personal interest.
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
01/01/2015
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
6
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Director and Chief Financial Officer
Role and responsibilities
Executive position responsible for operations management, management of corporate affairs and initiatives within the Group in addition to Chief Financial Officer's responsibilities.
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)
PT Indoferro
PT Indocoke Industry
Present
PSL Energy Resources Pte Ltd*
Resource Hardware & Trading Pte Ltd*
TSL Transport & Engineering Pte Ltd*

*Mr Lye will be stepping down as director of the above subsidiaries of the Group.