Change - Announcement of Cessation::Resignation of Executive Director

Issuer & Securities

Issuer/ Manager
PSL HOLDINGS LIMITED
Securities
PSL HOLDINGS LTD - SG1CC8000000 - BLL
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
27-May-2019 17:34:58
Status
New
Announcement Sub Title
Resignation of Executive Director
Announcement Reference
SG190527OTHRBWX8
Submitted By (Co./ Ind. Name)
Stephen Leong, BBM
Designation
Vice Chairman and Executive Director
Description (Please provide a detailed description of the event in the box below)
Please refer to the attached.

Additional Details

Name Of Person
Tan Chee Tong
Age
30
Is effective date of cessation known?
Yes
If yes, please provide the date
31/05/2019
Detailed Reason (s) for cessation
To pursue other career opportunities.
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
19/09/2016
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)
2
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
3
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Director
Role and responsibilities
Responsible for the strategic planning and business development 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
Deemed interest in 68,000 shares
Past (for the last 5 years)
Nil
Present
Subsidiaries of PSL Holdings Limited:
A. TSL Transport & Engineering Pte. Ltd.
B. PSL Metal Pte. Ltd.
C. PSL Maritime Strategic Pte. Ltd.
D. KCL Logistics Pte. Ltd.
E. PSL Construction Logistics Holdings Pte. Ltd.
F. PSL Maritime Logistics Holdings Pte. Ltd.
G. PSL Properties Pte. Ltd.

Other companies:
1. Malindo Resources Pte. Ltd.
2. Malindo Investment Pte. Ltd.
3. John Hock Pte. Ltd.
4. Tan Sri Ma Pte. Ltd.