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8I HOLDINGS LTD — Remuneration Information 2016
Jan 20, 2016
64264_rns_2016-01-20_008b4962-0918-4060-b369-3d5213a9deb5.pdf
Remuneration Information
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ASX ANNOUNCEMENT / MEDIA RELEASE
For Immediate Release
8I Holdings Limited (ASX: 8IH)
Changes to Executive Directors’ Remuneration
21 January 2016 Singapore
8I Holdings (ASX:8IH) (“8IH” or “the Company”) is pleased to advise that it has entered into new executive service agreements with Executive Directors Mr Ken Chee and Mr Clive Tan (“Executive Directors”).
The Board of 8IH has resolved to adopt the new remuneration package for the the Executive Directors following the recommendation of the Remuneration Committee. The Remuneration Committee reviews and approves the Company’s remuneration policy in order to ensure that the Company is able to attract and retain executives and directors who will create value for Shareholders, having regard to the amount considered to be commensurate for an entity of the Company’s size and level of activity as well as the relevant Directors’ time, commitment and responsibility.
Key Terms of the Executive Services Agreements:
The key terms and conditions of the Executive Service Agreements for the Executive Directors are the same as outlined in the Company’s prospectus dated 30 October 2014 aside from increase in annual salaries. Each agreement is for an indefinite term with termination notice being three months for either the Company or the respective Executive Director.
Goldbell Towers, 47 Scotts Road, #03-03/04, Singapore 228233 | t +65 6225 8480 | f +65 6235 0332
The changes related to the Executive Directors’ remuneration package are set out in detail below.
| Executive Director | Old Base Salary* | New Base Salary* |
|---|---|---|
| Ken Chee | S$260,000p.a. | S$360,000p.a. |
| Clive Tan | S$208,000p.a. | S$250,000p.a. |
- Excluding employer’s Central Provident Fund (CPF) contribution
The Directors are also entitled to be paid reasonable travel and other expenses incurred by them in the course of the performance of their duties as Directors.
ENDS
For further information, please visit www.8iholdings.com
Media enquiries:
Zane Lewis
Goh Yi Lin
Australian Company Secretary Investor Relations 8I Holdings Ltd 8I Holdings Ltd +61 8 6555 2950 / +61 400 007 900 +65 6225 8480 [email protected] [email protected]
About 8I Holdings Limited
8I Holdings is the holding company of the 8I Group that is based in Singapore and operates an investment business in listed securities, real property developments, and a financial education and training seminar business. Our experiences as a financial education company focusing on investment techniques with “Value Investing” through our flagship “Millionaire Investor Program” has facilitated significant growth and established 8I Group as one of the leading financial education seminar operators with an investment business in Singapore.
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