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Change - Announcement Of Resignation Of An Independent Director

BackOct 19, 2017
Announcement Title Change - Announcement of Cessation
Date & Time of Broadcast Oct 19, 2017 19:18
Status New
Announcement Sub Title Resignation of an Independent Director
Announcement Reference SG171019OTHRU9T5
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) Please see attached.

This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, SAC Capital 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, SAC Capital Private Limited, at 1 Robinson Road, #21-02 AIA Tower, Singapore 048542, telephone (65) 6532 3829.
Additional Details
Name Of Person Bjarne Strikert
Age 65
Is effective date of cessation known? Yes
If yes, please provide the date 19/10/2017
Detailed Reason (s) for cessation For personal reason(s).

The Sponsor, after having interviewed Mr. Bjarne Strikert, is satisfied that, save as disclosed in the announcement, there are no other material reasons for the resignation of Mr Bjarne Strikert as a Non-executive Independent Director 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 29/06/2015
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 6
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) Non-Executive Independent Director (member of the Audit Committee and Chairman of the Remuneration and Nominating Committees).
Role and responsibilities Acted as Non-Executive Independent Director of the Company. Member of the Audit Committee and Chairman of the Remuneration and Nominating Committees from 29 June 2015 to 19 October 2017.
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 1,350,000 options to acquire 1,350,000 ordinary shares in NauticAWT Limited under the NauticAWT Employee Share Option Scheme
Past (for the last 5 years) - Ejendomsselskabet NBC ApS
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- PKH Ejendomme A/S
- RAF Motors A/S
- Smart Textile Group A/S
Present - Nordic Bulk Company A/S
- Klartboard ApS
- Nordic Grain & Seed A/S
- Lars Helboe A/S
- S.E.S. Holding af 1.1.1996 A/S
- Tomrermester Svend Erik Sorensen A/S
- Skanlej Maskinudlejning A/S
- Cecon ApS
- Strikert Advokatfirma ApS
- Lilly & Herbert Hansens Fond