Change - Announcement of Cessation::Retirement of Executive Director - Mr. Teo Khiam Chong

Issuer & Securities

Issuer/ Manager
DISA LIMITED
Securities
DISA LIMITED - SG0532000247 - 532
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
27-Oct-2017 17:29:07
Status
New
Announcement Sub Title
Retirement of Executive Director - Mr. Teo Khiam Chong
Announcement Reference
SG171027OTHRD9DB
Submitted By (Co./ Ind. Name)
Kenneth Leong
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
This announcement has been prepared by the Company and its contents have been reviewed by the Company's Sponsor, SAC Capital Private Limited ("Sponsor"), for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited ("SGX-ST"). The Sponsor has not independently verified the contents of this announcement.

This announcement has not been examined or approved by the SGX-ST and the SGX-ST assumes no responsibility for the contents of this announcement including the correctness of any of the statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Mr. Ong Hwee Li (Registered Professional, SAC Capital Private Limited).
Address: 1 Robinson Road, #21-02 AIA Tower, Singapore 048542. Telephone number: +65 6532 3829

Additional Details

Name Of Person
Teo Khiam Chong
Age
50
Is effective date of cessation known?
Yes
If yes, please provide the date
27/10/2017
Detailed Reason (s) for cessation
Mr. Teo Khiam Chong ("Mr. Teo") did not seek re-election at the Company's annual general meeting held on 27 October 2017 due to other work commitment.

Based on its enquiries, the Company's Sponsor, SAC Capital Private Limited (the "Sponsor"), after having interviewed Mr. Teo, is satisfied that other than disclosed in the announcement, there are no other material reason for the retirement of Mr. Teo as Executive Director 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
11/05/2017
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)
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 Director.
Role and responsibilities
Assists with the Company's administration.
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
445,589,700 ordinary shares, deemed through 393,378,100 shares held by Maybank Kim Eng Securities Pte Ltd and 52,211,600 shares held by Raffles Nominees Pte Ltd.
Past (for the last 5 years)
Grange Properties Pte Ltd
Teras Fortress 2 Pte Ltd
Present
Blow + Bar Pte Ltd

Attachments

DiSa - Recomposition of the board.pdf
Total size =115K