Change - Announcement of Cessation::Cessation of Chief Executive Officer of SBS Transit Rail Pte. Ltd.

Issuer & Securities

Issuer/ Manager
SBS TRANSIT LTD
Securities
SBS TRANSIT LTD - SG1F58858209 - S61
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
16-Dec-2021 17:22:14
Status
New
Announcement Sub Title
Cessation of Chief Executive Officer of SBS Transit Rail Pte. Ltd.
Announcement Reference
SG211216OTHRLB16
Submitted By (Co./ Ind. Name)
Angeline Joyce Lee Siang Pohr
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Cessation of Mr Goei Beng Guan, Alex as Chief Executive Officer of SBS Transit Rail Pte. Ltd. (formerly known as SBS Transit DTL Pte. Ltd.), the wholly-owned subsidiary of the Company, with effect from 1 January 2022.

Additional Details

Name Of Person
Goei Beng Guan, Alex
Age
63
Is effective date of cessation known?
Yes
If yes, please provide the date
01/01/2022
Detailed Reason (s) for cessation
Re-designated as Head of Downtown Line as a result of the Company taking over the North-East Line business and operations from 1 January 2022, and the group Acting Head of Rail being designated CEO of the Company.
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
01/10/2017
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)
8
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.)
N.A.
Role and responsibilities
Oversees the operations of SBS Transit Rail Pte. Ltd. (Formerly known as SBS Transit DTL Pte. Ltd.)
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
SBS Transit Ltd - 275,000 shares
Past (for the last 5 years)
NIL
Present
NIL