Change - Announcement of Cessation::Cessation of a Non-Executive Chairman

Issuer & Securities

Issuer/ Manager
UNITED GLOBAL LIMITED
Securities
UNITED GLOBAL LIMITED - SG1CJ6000007 - 43P
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
31-Jul-2017 17:21:16
Status
New
Announcement Sub Title
Cessation of a Non-Executive Chairman
Announcement Reference
SG170731OTHRE5G1
Submitted By (Co./ Ind. Name)
Siau Kuei Lian
Designation
Company Secretary
Effective Date and Time of the event
01/08/2017 00:00:00
Description (Please provide a detailed description of the event in the box below)
Cessation of Mr Wiranto as a Non-Executive Chairman of the Company.

Additional Details

Name Of Person
Wiranto
Age
77
Is effective date of cessation known?
Yes
If yes, please provide the date
01/08/2017
Detailed Reason (s) for cessation
Mr Wiranto resigned as Non-Executive Chairman of the Company as he wishes to devote more time to his personal matters and for succession planning purpose. Mr Edy Wiranto, the son of Mr Wiranto, will be appointed to assume the role of Non-Executive Chairman with effect from 1 August 2017.

SAC Advisors Private Limited, after having interviewed Mr Wiranto, is satisfied that other than as disclosed in this announcement, there are no other material reasons for the resignation of Mr Wiranto.
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
15/09/2015
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
0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Executive Chairman
Role and responsibilities
Responsible for the overall strategic direction of the Group.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
a) Ms Ety Wiranto, Executive Director and deemed Controlling Shareholder of the Company - Daughter
b) Mr Tan Thuan Hor, Executive Director and Chief Executive Officer and Controlling Shareholder of the Company - Son-in-law
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
Direct interest: 144,007,410 shares (United Global Limited)
Past (for the last 5 years)
PT. Batu Sampurna Makmur
PT. Gunung Tua Mandiri
PT. Sirtu Alam Makmur
Present
United Oil Company Pte Ltd
LNT Industrial Supplies Pte Ltd