Change - Announcement of Cessation::Vacation of Office of Executive Chairman, Chief Executive Officer and Executive Director

Issuer & Securities

Issuer/ Manager
OVERSEAS EDUCATION LIMITED
Securities
OVERSEAS EDUCATION LIMITED - SG2F49989922 - RQ1
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
27-Jan-2022 01:14:46
Status
New
Announcement Sub Title
Vacation of Office of Executive Chairman, Chief Executive Officer and Executive Director
Announcement Reference
SG220127OTHRPOA8
Submitted By (Co./ Ind. Name)
Siau Kuei Lian
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Vacation of Office of Mr David Alan Perry as Executive Chairman, Chief Executive Officer and Executive Director

Additional Details

Name Of Person
David Alan Perry
Age
80
Is effective date of cessation known?
Yes
If yes, please provide the date
26/01/2022
Detailed Reason (s) for cessation
Mr David Alan Perry will vacate his office as Executive Chairman, Chief Executive Officer and Executive Director of the Company and its subsidiaries due to his current health condition
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
28/10/2011
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)
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.)
Executive Chairman, Chief Executive Officer, Executive Director and Member of Nominating Committee
Role and responsibilities
Responsible for the overall business development and strategic planning 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 Perry is deemed to be interested in 131,878,138 ordinary shares held by PDAC Private Limited as he is the sole shareholder of PDAC Private Limited and 5,036,972 ordinary shares held through Citibank Nominees Singapore Pte Ltd
Past (for the last 5 years)
Nil
Present
1) Master Projects Pte Ltd
2) Overseas Family School Limited
3) Overseas Family School Limited (Hong Kong)
4) Centre for Advanced Medicine Limited
5) Feedback Research Limited
6) PDAC Private Limited