Newsroom
Change - Announcement Of Cessation As Alternate Director To Mr Lee Wan Tang
BackJan 06, 2020
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Jan 6, 2020 0:06 |
| Status | New |
| Announcement Sub Title | Cessation as Alternate Director to Mr Lee Wan Tang |
| Announcement Reference | SG200106OTHR71QY |
| Submitted By (Co./ Ind. Name) | Sean Lee Yun Feng |
| Designation | CEO |
| Description (Please provide a detailed description of the event in the box below) | Following Mr Lee Wan Tang's intention of not seeking for re-election as a Director of the Company, Ms Liely Lee will also cease to be an alternate director to Mr Lee Wan Tang at the conclusion of the Annual General Meeting. |
| Additional Details | |
| Name Of Person | Liely Lee |
| Age | 45 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 21/01/2020 |
| Detailed Reason (s) for cessation | Following Mr Lee Wan Tang's intention of not seeking for re-election as a Director of the Company, Ms Liely Lee will also cease to be an alternate director to Mr Lee Wan Tang at the conclusion of the Annual General Meeting. |
| 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 | 01/03/2018 |
| Does the AC have a minimum of 3 members (taking into account this cessation)? | No |
| Number of Independent Directors currently resident in Singapore (taking into account this cessation) | 2 |
| Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months | 3 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Alternate Director to Mr Lee Wan Tang |
| Role and responsibilities | Ms Liely Lee is the Chief Financial Officer of the Company. She is responsible for all finance, accounting, treasury and strategic development of the Group. |
| Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries | Ms Liely Lee is the Daughter of Mr Lee Wan Tang (Executive Chairman of the Company) and the Sister of Mr Sean Lee Yun Feng (Chief Executive Officer and Executive Director of the Company). |
| Shareholding interest in the listed issuer and its subsidiaries? | Yes |
| Shareholding Details | Ms Liely Lee is deemed interested in: i) 770,000 shares which will be issued and allotted to her upon the exercise of employee share options granted to her under the MPM ESOS and ii) 53,571,429 shares which are held on trust for her by Watiga Trust Pte Ltd. |
| Past (for the last 5 years) | 1) ALPHINE MARINE LTD (BVI) 2) GOLD PARK PTY LTD 3) MPST MARINE PTE. LTD. 4) MARCO POLO DRILLING PTE. LTD. 5) MARCO POLO DRILLING (I) PTE. LTD. |
| Present | 1) MARCO POLO SHIPYARD PTE. LTD. 2) MP MARINE PTE. LTD. 3) MP SHIPPING PTE. LTD. 4) MARCO POLO OFFSHORE PTE. LTD. 5) MARCO POLO SHIPPING CO PTE LTD 6) MARCOPOLO SHIPPING (HONG KONG) LIMITED 7) MARCO POLO OFFSHORE (II) PTE. LTD. 8) MP OFFSHORE PTE. LTD. 9) MARCO POLO OFFSHORE (III) PTE. LTD. 10) PT. PELAYARAN NASIONAL BINA BUANA RAYA TBK 11) BBR SHIPPING PTE. LTD. 12) MPMT PTE. LTD. 13) MPMT 1 TANKERS PTE. LTD. 14) PT. SINAR BINTANG MAKMUR 15) MARCO POLO OFFSHORE (VI) PTE. LTD. 16) MARCO POLO OFFSHORE (VII) PTE. LTD 17) HEATEC JIETONG HOLDINGS LTD. |
