Announcement Of Cessation As General Manager
06 September 2010
| Resignation Details | |
| Name Of Person | Mr. Jeffery Allen Breal |
| Age | 54 |
| Is Effective Date Of Cessation Known? | Yes |
| Effective Date Of Cessation | 31/10/2010 |
| Detailed Reason(s) for Cessation | Resignation to retire and persue personal interests. |
| Is there any difference of opinion on material matters between the person and the Board of directors? | No |
| If yes, please elaborate | NA |
| 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 |
| If yes, please elaborate | NA |
| Any other relevant information to be provided to shareholders of the listed issuer? | No |
| If yes, please elaborate | NA |
| Date of Appointment to current position | 15/09/2008 |
| Job Title | General Manager, Mermaid Drilling Ltd. |
| Role and Responsibilities | To manage and oversee the day-to-day operations of the offshore drilling services business of the Company including providing leadership and direction to ensure that the activities and focus of the operations teams offshore and onshore are effectively managed and co-ordinated. |
| Does the AC have a minimum of 3 members (taking into account this resignation)? | Yes |
| Number of Independent Directors currently resident in Singapore (taking into account this cessation) | Two (2) |
| Number of Cessations of Appointments specified in Listing Rule 704(7) over the past 12 months | Two (2) inclusive of this announcement. |
| Shareholding in the listed issuer and its subsidiaries | None. |
| Family relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries | No. |
| Other Directorship | |
| Past Directorship (for the last five years) | None. |
| Present Directorship | None. |