Change - Announcement of Cessation::Cessation of Executive Director
Issuer & Securities
VIKING OFFSHORE AND MARINE LIMITED
VIKING OFFSHORE AND MARINE LTD - SG1J35888424 - 557
VIKING OFFSHORE AND MA W220701 - SG5EH1000003 - 1E7W
Change - Announcement of Cessation
Date &Time of Broadcast
Announcement Sub Title
Cessation of Executive Director
Submitted By (Co./ Ind. Name)
Ng Yeau Chong
Chief Executive Officer and Executive Director
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 ("Sponsor") in accordance with Rule 226(2)(b) of the Singapore Exchange Securities Trading Limited (the "SGX-ST") Listing Manual Section B: Rules of Catalist.
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 Ken Lee, Associate Director, Investment Banking. The contact particulars are 50 Raffles Place, #09-01 Singapore Land Tower, Singapore 048623, telephone (65) 6337 5115.
Name Of Person
Low Jooi Kok
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
Mr Low Jooi Kok had retired pursuant to Article 93 of the Company's constitution. Mr Low Jooi Kok had decided not to seek for re-election as Director of the Company at the Annual General Meeting of the Company for the financial year ended 31 December 2018 held today due to personal reasons and to pursue his personal interests.
Based on its enquiries, the Company's sponsor, CIMB Bank Berhad, Singapore Branch, is satisfied that, save as disclosed in this announcement, there are no material reasons for the cessation of Mr Low Jooi Kok as an Executive Director of the Company.
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?
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.)
Redesignated as Executive Director on 30 April 2019
Role and responsibilities
Mr Low focuses on the corporate restructuring and investor related matters.
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?
Direct interests: 1,700,000 ordinary shares and 275,000 warrants in the listed issuer
Past (for the last 5 years)
Viking Capital Pte Ltd
Viking Asset Management Pte Ltd
Viking Facilities Management and Operations Pte Ltd
Viking HVAC Pte Ltd
Viking Offshore Global Pte Ltd
Promoter Hydraulics Pte Ltd
Viking Airtech Pte Ltd
Viking LR1 Pte Ltd
Viking LR2 Pte Ltd
Marshal Systems Private Limited
Viking Gold Pte Ltd