Change - Announcement of Cessation::Change - Announcement of Cessation

Issuer & Securities

Issuer/ Manager
POLARIS LTD.
Securities
POLARIS LTD. - SG1L96897898 - 5BI
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
05-Oct-2015 17:19:39
Status
New
Announcement Sub Title
Change - Announcement of Cessation
Announcement Reference
SG151005OTHRKFCF
Submitted By (Co./ Ind. Name)
Ang Chuan Hui, Peter
Designation
Executive Director & CEO
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, Stamford Corporate Services Pte Ltd, for compliance with the relevant rules of the SGX-ST. The Company's 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 Yap Wai Ming:
Tel: 6389 3000
Email: waiming.yap@stamfordlaw.com.sg

Additional Details

Name Of Person
Benjamin Soemartopo
Age
42
Is effective date of cessation known?
Yes
If yes, please provide the date
03/10/2015
Detailed Reason (s) for cessation
As Benjamin Soemartopo is a commissioner at one of the Company's key subsidiaries, PT Triokomsel Oke Tbk, he is resigning so as to focus on it rather than the group as a whole.
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
07/10/2014
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
0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Independent & Non-Executive Director and AC Member
Role and responsibilities
Non-Executive
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?
No
Past (for the last 5 years)
Nil
Present
Commissioner of PT Triokomsel Oke Tbk.
Director of Maxpower Group Pte. Ltd.
Commissioner of PT Travira Air
Director of Omni Centre Pte. Ltd.
Director of Mycity Investments Pty Ltd