Change - Announcement Of Cessation Of Chief Operating Officer
04 September 2020
|Announcement Title||Change - Announcement of Cessation|
|Date & Time of Broadcast||Sep 4, 2020 23:37|
|Announcement Sub Title||Cessation of Chief Operating Officer|
|Submitted By (Co./ Ind. Name)||Vincent Siaw|
|Designation||Executive Vice President & COO|
|Description (Please provide a detailed description of the event in the box below)||Please refer to the information disclosed below.|
|Name Of Person||Mr. Mark Leonard Midgley|
|Is effective date of cessation known?||Yes|
|If yes, please provide the date||30/10/2020|
|Detailed Reason (s) for cessation||To pursue personal and other professional interests.|
|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||06/02/2018|
|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.)||Chief Operating Officer|
|Role and responsibilities||In his most recent role, he was responsible for managing and overseeing the subsea services business of the Company in South East Asia and the North Sea.|
|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?||No|
|Past (for the last 5 years)||None disclosed to the Company.|
|Present||Mermaid Subsea Services (Thailand) Ltd.
Mermaid Subsea Services (International) Ltd.
Mermaid Subsea Services Saudi Arabia Co., Ltd.
Mermaid Subsea Services LLC
Mermaid International Ventures
Mermaid Offshore Services Pte. Ltd.
Seascape Surveys Pte. Ltd.
(Prior to or upon his cessation, Mr. Midgley shall also no longer serve as director of the above Mermaid entities).