Change - Announcement of Cessation::Announcement of Cessation as Non-Executive Director

Issuer & Securities

Issuer/ Manager
DBS GROUP HOLDINGS LTD
Securities
DBS GROUP HOLDINGS LTD - SG1L01001701 - D05
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
28-Mar-2018 08:07:23
Status
New
Announcement Sub Title
Announcement of Cessation as Non-Executive Director
Announcement Reference
SG180328OTHRRR2Y
Submitted By (Co./ Ind. Name)
KHUZA SUPARTO
Designation
ASSISTANT COMPANY SECRETARY
Description (Please provide a detailed description of the event in the box below)
Announcement of Cessation as Non-Executive Director - Dr Bart Joseph Broadman

Additional Details

Name Of Person
BART JOSEPH BROADMAN
Age
57
Is effective date of cessation known?
Yes
If yes, please provide the date
25/04/2018
Detailed Reason (s) for cessation
Dr Bart Broadman has decided to step down as a Director of DBS Group Holdings Ltd ("DBSH") after the DBSH Annual General Meeting, which is scheduled to be held on 25 April 2018. He was appointed to the DBSH Board on 17 December 2008 and has served as a non-executive Director for over 9 years. The Board and Management of DBS thank Dr Broadman for his invaluable contributions to the Board and the DBS Group.
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
17/12/2008
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)
4
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.)
Director, Member of Compensation and Management Development Committee and Board Risk Management Committee.
Role and responsibilities
Non-Executive Director
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
112,956 ordinary shares in DBS Group Holdings Ltd
Past (for the last 5 years)
Nil
Present
1. DBS Bank Ltd.
2. Astignes Capital Asia Pte Ltd
3. Alphadyne Asset Management LP