Change - Announcement Of Resignation As Director And Chief Executive Officer
BackMay 26, 2017
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | May 26, 2017 17:22 |
| Status | New |
| Announcement Sub Title | Resignation as Director and Chief Executive Officer |
| Announcement Reference | SG170526OTHR4RLB |
| Submitted By (Co./ Ind. Name) | Ginney Lim May Ling |
| Designation | Group Company Secretary |
| Description (Please provide a detailed description of the event in the box below) | Cessation of appointment as Director and Chief Executive Officer. |
| Additional Details | |
| Name Of Person | Chan Heng Loon Alan |
| Age | 64 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 01/09/2017 |
| Detailed Reason (s) for cessation | Having served in the Company for 15 years, Mr Chan has decided to step down as a Director and Chief Executive Officer, to allow for the renewal of the Board and the management team. |
| 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 | 01/07/2002 |
| 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) | 9 |
| 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.) | 1) Director and Chief Executive Officer, SPH 2) Member of SPH Executive Committee |
| Role and responsibilities | Chief Executive Officer Member, Executive 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 | 1) Singapore Press Holdings Ltd - 12 management shares - 1,370,350 ordinary shares 2) SPH Reit - 200,000 units (deemed) 3)Singapore News & Publications Ltd - 1 management share 4) The Straits Times Press (1975) Ltd - 1 management share |
| Past (for the last 5 years) | 1.Times Properties Private Limited 2.SPH Retail Property Management Services Pte Ltd 3.OpenNet Pte Ld 4.Singapore Power Ltd 5.SP PowerAssets Limited 6.PowerGas Limited 7.GMM Times Company Limited |
| Present | 1. Singapore Press Holdings Ltd 2. Lianhe Investments Pte Ltd 3. Orchard 290 Ltd 4. The Straits Times Press (1975) Ltd 5. Singapore News & Publications Ltd 6. Singapore Newspaper Services Pte Ltd 7. Singapore Press Holdings Foundation Limited 8. SPH Magazines Pte Ltd 9. TP Ventures Pte Ltd 10. Blu Inc Holdings Malaysia Sdn Bhd 11. Blu Inc Media Sdn Bhd 12. Magazines World Sdn Bhd 13. SPH Reit Management Pte Ltd 14. Pavilion Energy Pte Ltd 15. Pavilion Gas Pte Ltd 16. Singapore-China Foundation Ltd 17. Public Service Commission [Member] 18. Singapore Symphony Orchestra Council [Member] 19. Centre for Liveable Cities Distinguished Advisors Panel [Member] 20. Land Transport Authority [Chairman] 21. MediaCorp TV Holding Pte Ltd 22. MediaCorp Press Ltd 23. Lan Ting Holdings Pte Ltd 24. Trailblazer-LHL Fund Sponsorship Committee |
Attachments
- Press Release (Size: 92,583 bytes)