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Change - Announcement Of Cessation :: Cessation Of Chief Executive Officer And Executive Director

BackApr 13, 2017
Announcement Title Change - Announcement of Cessation
Date & Time of Broadcast Apr 13, 2017 17:13
Status New
Announcement Sub Title Cessation of Chief Executive Officer and Executive Director
Announcement Reference SG170413OTHRNBJN
Submitted By (Co./ Ind. Name) Brian McKinley
Designation Chief Executive Officer and Executive Director
Description (Please provide a detailed description of the event in the box below) Cessation of Chief Executive Officer and Executive Director.
Additional Details
Name Of Person Cheong Wei Yue
Age 43
Is effective date of cessation known? Yes
If yes, please provide the date 13/04/2017
Detailed Reason (s) for cessation Resigned following completion of the disposal of the entire interest in the Trustee-Manager from Macquarie Group Holdings (Singapore) Pte. Limited to Dynami Vision Pte. Ltd.
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 15/10/2014
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) 4
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) Chief Executive Officer and Executive Director
Role and responsibilities Chief Executive Officer and Executive Director
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries None
Shareholding interest in the listed issuer and its subsidiaries? Yes
Shareholding Details 39,000 units of Asian Pay Television Trust
Past (for the last 5 years) 1. Guangzhou South China Highway & Bridge Industry Ltd
2. Macquarie International China Holdings Limited
Present 1. APTT Holdings 2 Limited
2. Deqiao Petrochemical Logistics Pte. Ltd.
3. Hengyang Holding Pte. Ltd.
4. TBC Holdings B.V.
5. Cable TV S.A.
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No PRC Person shall hold or control Units in Asian Pay Television Trust in breach of the PRC Investment Restrictions and no Restricted Party shall hold or control Units in breach of the Taiwan Government Ownership Restrictions. The Trustee-Manager may, in the case of a breach of the PRC Investment Restrictions and/or the Taiwan Government Ownership Restrictions and/or where a corporate entity which provides cable television services in Taiwan (as determined by the Trustee-Manager in its sole discretion) holds or acquires more than one-third of the total issued Units, take all steps and do all things as they may in their absolute discretion deem necessary to ensure that the restrictions thereunder are complied with. In particular, the Trust Deed provides that the Trustee-Manager has the power to require the relevant Unitholders to dispose of their Units and, if such request is not complied with within 21 days after such request (or such shorter period as the Trustee-Manager shall consider reasonable), the power to arrange for the sale of the Units. Pending such sale, the Trustee-Manager has the power to suspend the voting rights of such Units and/or to restrict the transfer of such Units. The Trustee-Manager shall not be required to give any reason for, and shall not under any circumstances be liable to or be responsible for any losses incurred by, any person as a result of, any decision, declaration or action taken or made in this regard.