Change - Announcement Of Cessation Of Subsea Group Regional Director, Western Hemisphere
13 July 2016
| Announcement Title | Change - Announcement of Cessation |
| Announcement Subtitle | Cessation of Subsea Group Regional Director, Western Hemisphere |
| Securities | MERMAID MARITIME PUBLIC CO LTD (MERMAID) |
| Date & Time of Broadcast | Jul 13, 2016 18:25 |
| Submitted By | Ms. Rujiraporn Hengtrakool Manager, Legal & Corporate Affairs Dept. |
| Description | Cessation of Mr. Robert Neil Howie, Subsea Group Regional Director, Western Hemisphere |
| Cessation Details | |
| Name of person | Robert Neil Howie |
| Age | 69 |
| Is effective date of cessation known? | Yes |
| Effective date for cessation | Oct 1, 2016 |
| Detailed reason(s) for cessation | Resignation 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? | Yes |
| If yes, please provide full details | The Company expresses its thanks and appreciation for the role that Mr. Howie has performed in maintaining the operational efficiency of the subsea services business in the Middle East including his leadership in delivering a safe, efficient and cost-effective service to customers on various projects. Mr. Howie shall continue be retained by the Company on a consultancy basis where the wealth of his skills and experience shall be of value to the next generation of managers. |
| Date of appointment to current position | Apr 1, 2014 |
| Does the AC have a minimum of 3 members (taking into account this cessation)? | Yes |
| Number of independent directors currently resident in Singapore (taking this 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 | 5 |
| Job Title | Subsea Group Regional Director, Western Hemisphere |
| Role and responsibilities | To manage and oversee the day-to-day operations of the subsea services business of the Mermaid Group in the Middle East region. |
| Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidaries | Nil. |
| Shareholdings interest in the listed issuer and its subsidaries? | No |
| Other directorships | |
| Past (for the last 5 years) | None. |
| Present | None. |