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

Issuer & Securities

Issuer/ Manager
NERA TELECOMMUNICATIONS LTD
Securities
NERATELECOMMUNICATIONS LTD - SG1I64883495 - N01
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
26-Oct-2016 08:20:09
Status
New
Announcement Sub Title
Resignation of Chief Executive Officer
Announcement Reference
SG161026OTHRCQ4H
Submitted By (Co./ Ind. Name)
Foo Soon Soo
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Resignation of Chief Executive Officer

Additional Details

Name Of Person
Ang Seong Kang Samuel
Age
61
Is effective date of cessation known?
Yes
If yes, please provide the date
23/04/2018
Detailed Reason (s) for cessation
Retirement
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
02/10/1996
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
0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chief Executive Officer
Role and responsibilities
Responsible for the overall management of 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 Ang has a minority stake in Canopus Asia Systems, L.P., the sole shareholder of the immediate holding company, Asia Systems Ltd (ASL). ASL holds 193,173,439 shares in Nera Telecommunications Ltd.

Mr Ang has 1 share each as nominee shareholder for Nera Telecommunications Ltd in the wholly-owned Nera Group subsidiaries in Philippines, Indonesia, Taiwan, Myanmar, and Pakistan; and 5,000 shares in subsidiary in India.
Past (for the last 5 years)
Nil
Present
Radium Investments Pte. Ltd.
Southside Capital Limited (BVI)