Change - Announcement of Cessation::Cessation of Independent Director
Issuer & Securities
MERMAID MARITIME PUBLIC CO LTD
MERMAID MARITIME PUBLIC CO LTD - TH0955010002 - DU4
Change - Announcement of Cessation
Date &Time of Broadcast
Announcement Sub Title
Cessation of Independent Director
Submitted By (Co./ Ind. Name)
Ms. Rujiraporn Hengtrakool
Manager, Legal & Corporate Affairs Dept.
Description (Please provide a detailed description of the event in the box below)
Cessation of Mr. Toh Wen Keong Joachim as Independent Director
Name Of Person
Mr. Toh Wen Keong Joachim
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
Mr. Toh Wen Keong Joachim retired as a Director at the conclusion of the Annual General Meeting of Shareholders of the Company No. 01/2016 held on 26 April 2016 and he decided not to stand for re-election. As a result of his retirement, Mr. Toh also ceased to be a Member of the Audit Committee, Remuneration Committee, Chairman of the Nomination Committee and as the Lead Independent Director respectively.
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?
If Yes, Please provide full details
The Company would like to record its appreciation to Mr. Toh who has been a Director of the Company since 26 June 2012. We thank him for his contributions and insights and wish him well.
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.)
Independent Director, Member of the Audit Committee, the Remuneration Committee, Chairman of the Nomination Committee and Lead Independent Director.
Role and responsibilities
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Shareholding interest in the listed issuer and its subsidiaries?
Past (for the last 5 years)
Alpha Financials Advisers Private Limited
Lion Fairfield Capital Management Limited
Tincel Properties (Private) Limited
Caritas Singapore Community Council