Change - Announcement of Cessation::Cessation as Independent Director

Issuer & Securities

Issuer/ Manager
NEXT-GENERATION SATELLITE COMMUNICATIONS LIMITED
Securities
NEXT-GEN SATELLITE COMM LTD - SG1I31881119 - B07
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
02-Oct-2014 17:36:00
Status
New
Announcement Sub Title
Cessation as Independent Director
Announcement Reference
SG141002OTHRAS7C
Submitted By (Co./ Ind. Name)
Andrew Coulton
Designation
Executive Chairman
Description (Please provide a detailed description of the event in the box below)
Cessation as Independent Director

Additional Details

Name Of Person
Tao Yeoh Chi
Age
61
Is effective date of cessation known?
Yes
If yes, please provide the date
02/10/2014
Detailed Reason (s) for cessation
To facilitate the appointment of new Independent Director.
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
04/09/2009
Does the AC have a minimum of 3 members (taking into account this cessation)?
No
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
4
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Director, Audit Committee Member, Chairman of Nominating Committee and Remuneration Committee
Role and responsibilities
Independent Director, Audit Committee Member, Chairman of Nominating Committee and Remuneration Committee
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
Direct Interest - 4,349,000 ordinary shares
Deemed Interest - 1,500,000 ordinary shares. Tao Yeoh Chi is deemed to be interested in 1,500,000 shares held by his spouse.
Other Directorships
Past (for the last 5 years)
Please see Annexure
Present
Please see Annexure

Attachments

Annexure.pdf
Total size =8K