Change - Announcement Of Resignation Of An Executive Officer
BackAug 29, 2017
|Announcement Title||Change - Announcement of Cessation|
|Date & Time of Broadcast||Aug 29, 2017 19:24|
|Announcement Sub Title||Resignation of an Executive Officer|
|Submitted By (Co./ Ind. Name)||John Gronbech|
|Designation||Executive Director and CEO|
|Description (Please provide a detailed description of the event in the box below)||This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, SAC Advisors Private Limited ("Sponsor"), for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (the "SGX-ST"). The Sponsor has not independently verified the contents of this announcement.
This announcement has not been examined or approved by the SGX-ST and the SGX-ST assumes no responsibility for the contents of this announcement including the correctness of any of the statements or opinions made or reports contained in this announcement.
The contact person for the Sponsor is Mr Sebastian Jones, Director, SAC Advisors Private Limited, at 1 Robinson Road, #21-02 AIA Tower, Singapore 048542, telephone (65) 6532 3829.
SAC Capital Private Limited is the parent company of SAC Advisors Private Limited.
|Name Of Person||Edgar Sammy Lim Choon Teck|
|Is effective date of cessation known?||Yes|
|If yes, please provide the date||29/08/2017|
|Detailed Reason (s) for cessation||To pursue his personal interests.
Mutual agreement was established between Mr Edgar Lim and NauticAWT Limited (the "Company", and together with its subsidiaries, the "Group") that his last day of service in the Company will be 3 November 2017. The Company would like to express its appreciation to Mr Edgar Lim for his services and contributions to the Company during his term of office.
The Sponsor, after having interviewed Mr Edgar Lim, is satisfied that save as disclosed in this announcement, there are no other material reasons for the resignation of Mr Edgar Lim as an Executive Officer of the Company.
|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||01/01/2015|
|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)||3|
|Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months||4|
|Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)||Vice President, Subsea|
|Role and responsibilities||Responsible for the operations of Subsea business segment|
|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||a. 501,000 ordinary shares in NauticAWT Limited
b. 750,000 options to acquire 750,000 ordinary shares in NauticAWT Limited under the NauticAWT Employee Share Option Scheme
|Past (for the last 5 years)||Nil|