Change - Announcement of Cessation::CESSATION OF CHIEF FINANCIAL OFFICER

Issuer & Securities

Issuer/ Manager
APTT MANAGEMENT PTE. LIMITED
Securities
ASIAN PAY TELEVISION TRUST - SG2F77993036 - S7OU
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
05-Jul-2024 23:31:51
Status
New
Announcement Sub Title
CESSATION OF CHIEF FINANCIAL OFFICER
Announcement Reference
SG240705OTHRX3R9
Submitted By (Co./ Ind. Name)
BRIAN MCKINLEY
Designation
CHIEF EXECUTIVE OFFICER
Description (Please provide a detailed description of the event in the box below)
Cessation of Chief Financial Officer.

Additional Details

Name Of Person
Somnath Adak
Age
40
Is effective date of cessation known?
Yes
If yes, please provide the date
31/07/2024
Detailed Reason (s) for cessation
Mr Somnath Adak is being redesignated as the Chief Executive Officer of the Trustee-Manager starting from 1 August 2024. Mr Adak has been with the Trustee-Manager since Asian Pay Television Trust's listing in 2013, and was appointed Chief Financial Officer in 2017. Mr Adak will relinquish his Chief Financial Officer duties and take over as the new Chief Executive Officer with effect from 1 August 2024.
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
13/04/2017
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
5
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chief Financial Officer
Role and responsibilities
Executive
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
N/A
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
Chairman of The Institute of Chartered Accountants of India, Singapore Chapter (Non-profit organisation, volunteer role)
Present
Management Committee member, The Institute of Chartered Accountants of India, Singapore Chapter (Non-profit organisation, volunteer role)

Subsidiaries within APTT Group:
APTT Holdings 1 Limited
APTT Holdings 2 Limited
Cable TV S.A.
TBC Holdings B.V.
Harvest Cable Holdings B.V.