Announcement Title Change - Announcement of Cessation
Date & Time of Broadcast Mar 1, 2017 0:05
Status New
Announcement Sub Title Announcement of Cessation as Company Secretary
Announcement Reference SG170301OTHRM9O6
Submitted By (Co./ Ind. Name) Mr. Wuthichai Chongcharoenrungrot
Designation Senior Manager, Legal and Corporate Affairs
Description (Please provide a detailed description of the event in the box below) Announcement of Cessation as Company Secretary
Additional Details
Name Of Person Dr. Vincent Siaw
Age 42
Is effective date of cessation known? Yes
If yes, please provide the date 28/02/2017
Detailed Reason (s) for cessation On 9 August 2016, Dr. Vincent Siaw was appointed Executive Vice President and Chief Operating Officer of the Mermaid Group. He therefore relinquishes the role of Company Secretary in line with the succession plan 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? Yes
If Yes, Please provide full details The Company acknowledges and appreciates Dr. Vincent Siaw's longstanding contribution in maintaining the corporate secretarial functions of the Group in good standing since 1 June 2005 among his various other key roles and responsibilities in the Mermaid Group.
Date of Appointment to current position 01/06/2005
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 8
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) Company Secretary
Role and responsibilities Responsible for the corporate secretarial affairs of the Group.
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 500 ordinary shares
Past (for the last 5 years) Seascape Surveys (Thailand) Ltd.
MTR-2 (Singapore) Pte. Ltd.
Mermaid MTN Pte. Ltd.
Present Mermaid Subsea Services (Thailand) Ltd.
Seascape Surveys Pte. Ltd.
Mermaid Subsea Services (International) Ltd.
Mermaid Subsea Services LLC
Mermaid Offshore Services Pte. Ltd.
Mermaid Drilling Ltd.
Mermaid Drilling (Singapore) Pte. Ltd.
Mermaid Drilling (Malaysia) Sdn. Bhd.
MTR-1 Ltd.
MTR-2 Ltd.
MTR-1 (Singapore) Pte. Ltd.
MTR-3 (Singapore) Pte. Ltd.
MTR-4 (Singapore) Pte. Ltd.
Mermaid Maritime Mauritius Ltd.
Mermaid International Ventures