Change - Announcement Of Cessation Of Independent Director
26 April 2016
| Announcement Title | Change - Announcement of Cessation |
| Announcement Subtitle | Cessation of Independent Director |
| Securities | MERMAID MARITIME PUBLIC CO LTD (MERMAID) |
| Date & Time of Broadcast | Apr 26, 2016 18:32 |
| Submitted By | Ms. Rujiraporn Hengtrakool Manager, Legal & Corporate Affairs Dept. |
| Description | Cessation of Mr. Toh Wen Keong Joachim as Independent Director |
| Cessation Details | |
| Name of person | Mr. Toh Wen Keong Joachim |
| Age | 50 |
| Is effective date of cessation known? | Yes |
| Effective date for cessation | Apr 26, 2016 |
| Detailed reason(s) for cessation | Mr. Toh Wen Keong Joachim retired as a Director at the conclusion of the Annual General Meeting of Shareholders of the Company No. 01/2016 held on 26 April 2016 and he decided not to stand for re-election. As a result of his retirement, Mr. Toh also ceased to be a Member of the Audit Committee, Remuneration Committee, Chairman of the Nomination Committee and as the Lead Independent Director respectively. |
| 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 would like to record its appreciation to Mr. Toh who has been a Director of the Company since 26 June 2012. We thank him for his contributions and insights and wish him well. |
| Date of appointment to current position | Jun 26, 2012 |
| 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 | 4 |
| Job Title | Independent Director, Member of the Audit Committee, the Remuneration Committee, Chairman of the Nomination Committee and Lead Independent Director. |
| Role and responsibilities | Non-Executive |
| Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidaries | No. |
| Shareholdings interest in the listed issuer and its subsidaries? | No |
| Other directorships | |
| Past (for the last 5 years) | Alpha Financials Advisers Private Limited Lion Fairfield Capital Management Limited Tincel Properties (Private) Limited |
| Present | Caritas Singapore Community Council |