Change - Announcement of Cessation::CESSATION OF EXECUTIVE DIRECTOR

Issuer & Securities

Issuer/ Manager: GSS ENERGY LIMITED
Securities: GSS ENERGY LIMITED - SG1AG6000007 - 41F
Stapled Security: No

Announcement Details

Announcement Title: Change - Announcement of Cessation
Date &Time of Broadcast: 03-Jun-2019 20:12:46
Status: New
Announcement Sub Title: CESSATION OF EXECUTIVE DIRECTOR
Announcement Reference: SG190603OTHRNCAE
Submitted By (Co./ Ind. Name): Ng Say Tiong/Wong Liong Khoon
Designation: Company Secretaries
Description (Please provide a detailed description of the event in the box below): Announcement on the cessation of Suyulianto Badung Tariono as Executive Director

This announcement has been reviewed by the Company's sponsor, Stamford Corporate Services Pte Ltd ("Sponsor"). It has not been examined or approved by the Singapore Exchange Securities Trading Limited ("SGX-ST") and SGX-ST assume no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Mr Bernard Lui
Tel: (65) 6389 3000
Email: Bernard.lui@morganlewis.com

Additional Details

Name Of Person: Suyulianto Badung Tariono
Age: 48
Is effective date of cessation known?: Yes
If yes, please provide the date: 01/06/2019
Detailed Reason (s) for cessation: The Company understands that Mr. Suyulianto has resigned due to personal reasons. Mr. Suyulianto is currently based in Indonesia, and the Company's Continuing Sponsor is in the process of scheduling an exit interview to be conducted.
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?: No
Date of Appointment to current position: 01/07/2015
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): 1
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months: 0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.): Executive Director
Role and responsibilities: Assist the Group Chief Executive Officer in the operation of oil and gas business.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries: Nil
Shareholding interest in the listed issuer and its subsidiaries?: Yes
Shareholding Details: 44,600,000 options exercisable into 44,6000,000 ordinary shares in Company.

The option lapse with effect from date of cessation.
Past (for the last 5 years): Nil
Present: GSS Energy Oilfield Management Limited;
GSS Energy Sumatra Limited;
Nusantara Resources Pte. Ltd.;
GSS Energy Trembul Limited

Related Announcements

Related Announcements: 10/06/2019 18:33:47