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Change - Announcement Of Cessation Of Director Of Offshore Division
BackJun 04, 2020
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Jun 4, 2020 17:14 |
| Status | New |
| Announcement Sub Title | Announcement for Cessation of Director of Offshore Division |
| Announcement Reference | SG200604OTHRQAQH |
| Submitted By (Co./ Ind. Name) | Sean Lee Yun Feng |
| Designation | CEO |
| Description (Please provide a detailed description of the event in the box below) | Cessation of Director of Offshore Division. |
| Additional Details | |
| Name Of Person | Loo Hin Loy |
| Age | 53 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 13/11/2020 |
| Detailed Reason (s) for cessation | Reshuffling of Offshore Division's management structure in conjunction with the Group's cost cutting initiatives. |
| 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 | 02/05/2013 |
| 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) | 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.) | Director of Offshore Division |
| Role and responsibilities | Responsible for the management and development of the Group's offshore marine support vessels operations. |
| Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries | None. |
| Shareholding interest in the listed issuer and its subsidiaries? | Yes |
| Shareholding Details | Loo Hin Loy holds 120,000 shares in Marco Polo Marine Ltd. |
| Past (for the last 5 years) | Nil |
| Present | Nil |
