Change - Announcement of Cessation::RETIREMENT OF EXECUTIVE DIRECTOR

Issuer & Securities

Issuer/ Manager
OEL (HOLDINGS) LIMITED
Securities
OEL (HOLDINGS) LIMITED - SG0584008601 - 584

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
22-Apr-2014 20:42:56
Status
New
Announcement Sub Title
RETIREMENT OF EXECUTIVE DIRECTOR
Announcement Reference
SG140422OTHRWMQS
Submitted By (Co./ Ind. Name)
Derick Lim Chien Joo
Designation
Group Financial Controller / Company Secretary
Description (Please provide a detailed description of the event in the box below)
This announcement has been reviewed by the Company's sponsor, RHT Capital Pte. Ltd. (the "Sponsor"), for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited ("SGX-ST"). The Sponsor has not independently verified the contents of this announcement.

This announcement has not been examined by the SGX-ST and the SGX-ST assumes 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 details of the contact person for the Sponsor are:-

Name : Mr Tan Chong Huat (Registered Professional, RHT Capital Pte. Ltd.)
Address : Six Battery Road, #10-01, Singapore 049909
Tel : (65) 6381 6757

Additional Details

Name Of Person
Long Yoke Hian, Alex
Age
64
Is effective date of cessation known?
Yes
If yes, please provide the date
22/04/2014
Detailed Reason (s) for cessation
Retired by rotation at Annual General Meeting held on 22 April 2014.
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
15/12/1984
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)
4
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
Managing the shipyard operations.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
N.A.
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
Mr Alex Long has a direct interest of 1,046,480 ordinary shares of the Company and a deemed interest of 139,000 ordinary shares registered in the name of his spouse, Ms Shirley Long @ Lim Choo Joon.
Other Directorships
Past (for the last 5 years)
Please see Appendix A.
Present
Please see Appendix A.

Attachments

Appendix A.pdf
Total size =6K