Change - Announcement of Cessation::Cessation of Non-Executive Non-Independent Director

Issuer & Securities

Issuer/ Manager
TECHNICS OIL & GAS LIMITED
Securities
TECHNICS OIL & GAS LIMITED - SG1N85910015 - 5CQ
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
22-Jun-2016 18:48:14
Status
New
Announcement Sub Title
Cessation of Non-Executive Non-Independent Director
Announcement Reference
SG160622OTHRN2GQ
Submitted By (Co./ Ind. Name)
Leow Quek Shiong
Designation
Interim Judicial Manager
Description (Please provide a detailed description of the event in the box below)
Cessation of Narishnath Nathan as Non-Executive Non-Independent Director

Additional Details

Name Of Person
Narishnath Nathan
Age
33
Is effective date of cessation known?
Yes
If yes, please provide the date
21/06/2016
Detailed Reason (s) for cessation
Mr Narishnath Nathan 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?
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
01/04/2016
Does the AC have a minimum of 3 members (taking into account this cessation)?
No
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
0
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
16
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Executive and Non-Independent Director
Role and responsibilities
Non-Executive and Non-Independent Director
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Son of Nathan Elumalay, Executive Chairman of the Company. (Resignation wef 21/06/2016)
Brother of Shamila Nathan, Non-Executive and Non-Independent Director of the Company. (Resignation wef 21/06/2016)
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
NIL
Present
Eversendai Corporation Berhad
Eversendai Offshore Sdn Bhd
Vahana Holdings Sdn Bhd
Vahana Offshore (M) Sdn Bhd
AK Nathan Foundation
Aryan-Inspire Pte Ltd
Arjun-Aspire Pte Ltd