Change - Announcement of Cessation::Cessation as Head of Finance
Issuer & Securities
Issuer/ ManagerNEXT-GENERATION SATELLITE COMMUNICATIONS LIMITED
SecuritiesNEXT-GEN SATELLITE COMM LTD - SG1I31881119 - B07
Stapled SecurityNo
Announcement Details
Announcement Title Change - Announcement of Cessation
Date & Time of Broadcast29-Apr-2016 18:53:23
StatusNew
Announcement Sub TitleCessation as Head of Finance
Announcement ReferenceSG160429OTHRU04W
Submitted By (Co./ Ind. Name)Ku Vicente S.
DesignationManaging Director and Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)Cessation as Head of Finance
Additional Details
Name Of PersonKo Beng Kin
Age46
Is effective date of cessation known?Yes
If yes, please provide the date29/04/2016
Detailed Reason (s) for cessationTo pursue other opportunities.
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?Yes
If Yes, Please provide full detailsThe Company will make the appropriate announcement once a new Head of Finance has been appointed. In the interim, the Company's Regional Finance Manager, Mr Koit Ven Jee, will help to oversee the financial matters of the Group.
Date of Appointment to current position01/08/2014
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 months1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)Head of Finance
Role and responsibilitiesResponsible for the Group's finance and accounting functions.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiariesNil
Shareholding interest in the listed issuer and its subsidiaries?Yes
Shareholding DetailsDirect Interest - 1,560,000 ordinary shares of Next Generation Satellite Communications Limited
Past (for the last 5 years)Nil
PresentNil