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

Issuer & Securities

Issuer/ Manager
MAGNUS ENERGY GROUP LTD.
Securities
MAGNUS ENERGY GROUP LTD. - SG1AI2000007 - 41S
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
02-Jul-2015 21:06:44
Status
New
Announcement Sub Title
Resignation of Independent Non-Executive Director
Announcement Reference
SG150702OTHR4OA6
Submitted By (Co./ Ind. Name)
Luke Ho Khee Yong
Designation
Chief Executive Officer
Effective Date and Time of the event
02/07/2015 17:00:00
Description (Please provide a detailed description of the event in the box below)
Resignation of Mr Goh Boon Kok as Independent Non-Executive Director.

This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, Stamford Corporate Services Pte. Ltd. (the "Sponsor"), for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (the "SGX-ST"). The Sponsor has not independently verified the contents of this announcement.

The announcement has not been examined or approved 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 contact person for the Sponsor is Mr Bernard Lui.
Tel: 6389 3000 Email: bernard.lui@stamfordlaw.com.sg

Additional Details

Name Of Person
Goh Boon Kok
Age
75
Is effective date of cessation known?
Yes
If yes, please provide the date
02/07/2015
Detailed Reason (s) for cessation
Difference in opinion on the composition of the Board of Directors as all the existing directors are independent directors.
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
01/06/2004
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
2
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Non-Executive Director and a member of the Audit, Nominating and Remuneration Committees.
Role and responsibilities
Non-Executive
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
75,340 shares in Magnus Energy Group Ltd.
Past (for the last 5 years)
1) Blumont Group Ltd.
Present
1) Super Group Ltd.
2) Goh Boon Kok Services Pte Ltd
3) Greatronic Limited
4) Pan Asian Holdings Limited
5) WD Moore (2013) Pty Ltd
6) GDS Global Limited
7) RZ Capital Pte Ltd