Change - Announcement of Cessation::Announcement of Cessation as President - Offshore and Business Development

Issuer & Securities

Issuer/ Manager
JAYA HOLDINGS LIMITED
Securities
JAYA HOLDINGS LTD - SG1I07878305 - J10

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
04-Jun-2014 17:35:13
Status
New
Announcement Sub Title
Announcement of Cessation as President - Offshore and Business Development
Announcement Reference
SG140604OTHRBKWQ
Submitted By (Co./ Ind. Name)
Jimmy Yap
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Cessation of Mr George Richard Horsington as President - Offshore and Business Development of the Company, with effect from 4 June 2014.

Additional Details

Name Of Person
George Richard Horsington
Age
40
Is effective date of cessation known?
Yes
If yes, please provide the date
04/06/2014
Detailed Reason (s) for cessation
As previously announced, Jaya Holdings is sellings its business to Mermaid Marine Australia. Mr Horsington will be transferring across to Mermaid to continue working with the businesses which Jaya Holdings is selling.
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
06/09/2012
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
1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
President - Offshore and Business Development
Role and responsibilities
Responsible for Jaya's fleet, including marketing, customer service delivery, technical and operations management.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
None.
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
Swire Production Solutions Pte Ltd, PT Altus Swire, PT Altus Swire Shipping, Swire Bahagia (B) Sdn Bhd, Swire Production Solutions Holdings Ltd, and Swire Oilfield Services Pte Ltd
Present
Airia Jaya Marine (S) Pte Ltd, AJM Shipping Pte Ltd, Concord Offshore (Labuan) Ltd, Java Marine Lines Pte Ltd, Jaya Marine Pte Ltd, Jaya Offshore Support Services Pte Ltd, Jaya Offshore Pte Ltd, Jaya Offshore Services Pte Ltd, JSE Offshore (Labuan) Pte Ltd, JSE Offshore Shipping Pte Ltd, JSE Shipping Pte Ltd, and Venus Marine Services Sdn Bhd