Change - Announcement of Cessation::CESSATION AS EXECUTIVE DIRECTOR OF OTTO MARINE LIMITED

Issuer & Securities

Issuer/ Manager
OTTO MARINE LIMITED
Securities
OTTO MARINE LIMITED - SG1BG7000004 - BER
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
03-Jun-2016 18:45:04
Status
New
Announcement Sub Title
CESSATION AS EXECUTIVE DIRECTOR OF OTTO MARINE LIMITED
Announcement Reference
SG160603OTHR9QMZ
Submitted By (Co./ Ind. Name)
Michael See Kian Heng
Designation
Group Chief Executive Officer & Group Executive Director
Description (Please provide a detailed description of the event in the box below)
Please refer to the below information

Additional Details

Name Of Person
Garrick James Stanley ("Mr Stanley")
Age
43
Is effective date of cessation known?
Yes
If yes, please provide the date
03/06/2016
Detailed Reason (s) for cessation
Mr Stanley had not sought for re-election as Director of Otto Marine Limited at the AGM on 3 June 2016

Mr Stanley remains as CEO of Go Marine Group Pty Ltd.
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
06/08/2013
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
1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Director of Otto Marine Limited and CEO of Go Marine Group Pty Ltd
Role and responsibilities
Responsible for the performance of Go Marine Group Pty Ltd
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
4,747,446 shares in Otto Marine Limited.
Past (for the last 5 years)
Please refer to Appendix A
Present
Please refer to Appendix A

Attachments

GJS_Appendix A.pdf
Total size =197K