Change - Announcement of Cessation::Cessation of Chief Executive Officer

Issuer & Securities

Issuer/ Manager
VIKING OFFSHORE AND MARINE LIMITED
Securities
VIKING OFFSHORE AND MARINE LTD - SG1J35888424 - 557
VIKING OFFSHORE AND MA W220701 - SG5EH1000003 - 1E7W
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
30-Apr-2019 19:46:50
Status
New
Announcement Sub Title
Cessation of Chief Executive Officer
Announcement Reference
SG190430OTHRGVV0
Submitted By (Co./ Ind. Name)
Ng Yeau Chong
Designation
Executive Director and Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
This announcement has been prepared by the Company and its contents have been reviewed by the Company s sponsor, CIMB Bank Berhad, Singapore Branch (the "Sponsor") for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (the "SGX-ST"), this being the SGX-ST Listing Manual Section B: Rules of Catalist. The Sponsor has not independently verified the contents of this announcement.

This announcement has not been examined or approved by the SGX-ST. The Sponsor and the 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 Ken Lee, Associate Director, Investment Banking. The contact particulars are 50 Raffles Place, #09-01 Singapore Land Tower, Singapore 048623, telephone (65) 6337 5115.

Additional Details

Name Of Person
Low Jooi Kok
Age
54
Is effective date of cessation known?
Yes
If yes, please provide the date
30/04/2019
Detailed Reason (s) for cessation
As a result of a Group reorganisation exercise, Mr Low will relinquish his CEO appointment, and focus on the Group's restructuring and the interfacing with potential strategic investor.

Mr Low will remain as an Executive Director of the Group.

The Sponsor, CIMB Bank Berhad, Singapore Branch, is satisfied that there are no other reasons for Mr Low's cessation as CEO and subsequent re-designation as Executive Director.
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
26/04/2016
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)
3
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.)
Chief Executive Officer ("CEO").
Role and responsibilities
Responsible for the overall business operations of the Group.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
No
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
1,700,000 ordinary shares, 275,000 warrants and 1,581,536 options pursuant to the Viking Offshore and Marine Limited Share Option Scheme in the listed issuer.
Past (for the last 5 years)
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Present
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Viking Offshore Global Pte Ltd
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Viking Airtech Pte Ltd
Viking LR1 Pte Ltd
Viking LR2 Pte Ltd
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