SATS Ltd. Approves Final Ordinary Tax-Exempt Dividend for the Year Ended March 31, 2018, Payable on 17 August 2018; Announces Board and Committee Changes
July 19, 2018 at 11:37 am
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SATS Ltd. at its AGM held on July 19, 2018, approved the declaration of final ordinary tax-exempt (one-tier) dividend of 12 cents per share for the financial year ended March 31, 2018. The final dividend will be paid on 17 August 2018.
As announced by the Company in the Notice of AGM on 20 June 2018, Mr. Koh Poh Tiong and Mr. Thierry Breton have retired as Directors of the Company with effect from the conclusion of the AGM. Consequently, Mr. Koh Poh Tiong has also stepped down as Chairman of the Nominating Committee and a member of the Board Executive Committee and the Remuneration and Human Resource Committee. Ms. Jessica Tan Soon Neo was appointed as a member of Audit Committee with effect from 20 July 2018. The Board considers Ms. Jessica Tan as independent for the purpose of Rule 704(8) of the Listing Manual. With effect from 20 July 2018, the composition of the various Board Committees will be as follows: Board executive committee: Ms. Euleen Goh Yiu Kiang (Chairman, Independent Non-Executive Director), Mr. Alexander Charles Hungate (Member, Executive Director), Mr. Michael Kok Pak Kuan (Member, Independent Non-Executive Director) and Mr. Achal Agarwal (Member, Independent Non-Executive Director); Audit committee: Mr. Yap Chee Meng (Chairman, Independent Non-Executive Director), Mr. Tan Soo Nan (Member, Independent Non-Executive Director), Mr. Yap Kim Wah (Member, Independent Non-Executive Director) and Ms. Jessica Tan Soon Neo (Member, Independent Non-Executive Director); Board risk and safety committee: Mr. Tan Soo Nan (Chairman, Independent Non-Executive Director), Mr. Chia Kim Huat (Member, Independent Non-Executive Director), Mr. Yap Chee Meng (Member, Independent Non-Executive Director) and Mr. Yap Kim Wah (Member, Independent Non-Executive Director); Nominating committee: Ms. Euleen Goh Yiu Kiang (Chairman, Independent Non-Executive Director), Ms. Jessica Tan Soon Neo (Member, Independent Non-Executive Director) and Mr. Chia Kim Huat (Member, Independent Non-Executive Director); Remuneration and human resource committee: Ms. Euleen Goh Yiu Kiang (Chairman, Independent Non-Executive Director), Mr. Michael Kok Pak Kuan (Member, Independent Non-Executive Director) and Mr. Achal Agarwal (Member, Independent Non-Executive Director).
SATS Ltd. is a Singapore-based investment holding company. Its other activities include rental of premises and provision of management services to related companies. Its segments include Food Solutions, Gateway Services and Others. The Food Solutions segment provides mainly inflight and institutional catering, food processing, distribution services and airline laundry services. The Gateway Services segment provides both airport and cruise terminal services. The airport terminal services include airfreight handling services, passenger services, aviation security services, baggage handling services and apron services to its airline customers. On the provision of cruise terminal services, the segment manages and operates Marine Bay Cruise Centre. The Others segment provides rental of premises and other services. It serves various industries, such as airlines, food, education, hospitality, government agencies, events, airfreight and logistics, air transport, healthcare and cruise.
SATS Ltd. Approves Final Ordinary Tax-Exempt Dividend for the Year Ended March 31, 2018, Payable on 17 August 2018; Announces Board and Committee Changes
SATS LTD. 
