Change - Announcement of Cessation::Retirement of Independent Chairman

Issuer & Securities

Issuer/ Manager
TIGER AIRWAYS HOLDINGS LIMITED
Securities
TIGER AIRWAYS HOLDINGS LIMITED - SG1Z26952619 - J7X

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
11-Jul-2014 17:12:36
Status
New
Announcement Sub Title
Retirement of Independent Chairman
Announcement Reference
SG140711OTHRE1H1
Submitted By (Co./ Ind. Name)
Ho Zhuanglin
Designation
Joint Company Secretary
Description (Please provide a detailed description of the event in the box below)
Retirement of Independent Chairman

Additional Details

Name Of Person
Joseph Yuvaraj Pillay
Age
80
Is effective date of cessation known?
Yes
If yes, please provide the date
31/07/2014
Detailed Reason (s) for cessation
Mr JY Pillay, 80, will be retiring as Director at the conclusion of the Company's AGM and will not be seeking re-appointment. Following his retirement, he also ceases to be Chairman of the Board, Executive Committee, Risk Management Committee and a member of Nominating Committee and Remuneration Committee. Please refer to the Company Statement of even date for further information.
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
29/07/2011
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)
5
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.)
Independent Director, Board Chairman, Executive Committee Chairman, Risk Management Committee Chairman, NC Member and RC Member
Role and responsibilities
Independent Director, Board Chairman, Executive Committee Chairman, Risk Management Committee Chairman, NC Member and RC Member
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
None
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
720,000 ordinary shares of the Company
Past (for the last 5 years)
Singapore Exchange Limited
Present
Nil