Change - Announcement of Cessation::Retirement of the Chief Executive Officer and his Resignation as a Director of the Company

Issuer & Securities

Issuer/ Manager
PARKSON RETAIL ASIA LIMITED
Securities
PARKSON RETAIL ASIA LIMITED - SG2D81975377 - O9E
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
21-Aug-2015 17:37:51
Status
New
Announcement Sub Title
Retirement of the Chief Executive Officer and his Resignation as a Director of the Company
Announcement Reference
SG150821OTHRXMVH
Submitted By (Co./ Ind. Name)
Tan Sri William Cheng Heng Jem
Designation
Executive Chairman
Description (Please provide a detailed description of the event in the box below)
Cessation as CEO and Executive Director of the Company

Additional Details

Name Of Person
Toh Peng Koon
Age
61
Is effective date of cessation known?
Yes
If yes, please provide the date
18/09/2015
Detailed Reason (s) for cessation
Mr Toh Peng Koon has decided not to renew his service contract with the group which expires on 18 September 2015. Following the expiry of the service contract, he will step down as Director and CEO of the Company on 18 September 2015.
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
09/05/2013
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)
3
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
2
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Director and Chief Executive Officer of Parkson Retail Asia Limited.
Role and responsibilities
Oversees the Malaysia and Indonesia operations as the Chief Executive Officer for Malaysia and President Director for Indonesia.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
No
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
90,000 shares in Parkson Retail Asia Limited
Past (for the last 5 years)
Refer to Appendix A
Present
Refer to Appendix B

Attachments

PRA_TPK_Past Directorship_Last 5 Years_Appdx A.pdf
PRA_TPK_Present Directorship_Appdx B.pdf
Total size =114K