Change - Announcement of Cessation::Cessation of Executive Chairman and Director
Issuer & Securities
TECHNICS OIL & GAS LIMITED
TECHNICS OIL & GAS LIMITED - SG1N85910015 - 5CQ
Change - Announcement of Cessation
Date &Time of Broadcast
Announcement Sub Title
Cessation of Executive Chairman and Director
Submitted By (Co./ Ind. Name)
Leow Quek Shiong
Interim Judicial Manager
Description (Please provide a detailed description of the event in the box below)
Cessation of Tan Sri Nathan Elumalay as Executive Chairman and Director.
Name Of Person
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
Tan Sri Elumalay stepped down due to the appointment of Interim Judicial Managers in 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?
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?
Any other relevant information to be provided to shareholders of the listed issuer?
Date of Appointment to current position
Does the AC have a minimum of 3 members (taking into account this cessation)?
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Chairman and Director
Role and responsibilities
Executive Chairman and Director
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Father of Shamila Nathan and Narishnath Nathan, Non-Executive Non-Independent Directors of the Company. (Resignation of Shamila Nathan and Narishnath Nathan wef 21/02/2016)
Shareholding interest in the listed issuer and its subsidiaries?
Past (for the last 5 years)
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Barracuda Advertising Sdn Bhd
Botanical Extracts Sdn Bhd
Technics Offshore Engineering Pte Ltd (wef 21/06/2016)
Eversendai Corporation Berhad
Eversendai Energia Sdn Bhd (f.k.a
Shineversendai Engineering (M) Sdn Bhd)
Vahana Holdings Sdn Bhd
Eversendai Constructions (M) Sdn Bhd
ECB Properties Sdn Bhd
Perisai Kuasa Sdn Bhd
Eversendai Oil & Gas (M) Sdn Bhd
Eversendai Offshore Sdn Bhd
Vahana Offshore (M) Sdn Bhd
AK Nathan Foundation
Eversendai Construction (S) Pte Ltd
Eversendai Engineering Pte Ltd
Vahana Offshore (S) Pte Ltd
Eversendai Technics Pte Ltd
Aryan-Inspire Pte Ltd
Arjun-Aspire Pte Ltd
Eversendai Engineering LLC (Dubai)
Eversendai Engineering LLC (Abu Dhabi)
Eversendai Engineering Qatar WLL
Eversendai Engineering FZE (Sharjah)
EVS Construction LLC (Dubai)
Eversendai Engineering Saudi LLC
Eversendai Offshore RMC FZE
Eversendai Construction Pvt Ltd (India)
Eversendai Frontiers Pvt Ltd (India)
Eversendai Engineering LLC (Azerbaijan)
Eversendai S-Con Engineering Co., Ltd (Thailand)
Eversendai Engineering (Pvt) Ltd (Sri Lanka)
Marinelift Testing & Supply Pte Ltd
Petro Process System Pte. Ltd.
Rigging & Marine Services Pte Ltd
Technorr Marine Pte. Ltd.
V Offshore Engineering Pte. Ltd.
Vigahs Marine Technologies Pte. Ltd.