Change - Announcement of Cessation::Cessation of Executive Director

Issuer & Securities

Issuer/ Manager
TECHNICS OIL & GAS LIMITED
Securities
TECHNICS OIL & GAS LIMITED - SG1N85910015 - 5CQ
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
20-Apr-2016 18:17:26
Status
New
Announcement Sub Title
Cessation of Executive Director
Announcement Reference
SG160420OTHR18XV
Submitted By (Co./ Ind. Name)
Tan Sri Nathan Elumalay
Designation
Executive Chairman
Description (Please provide a detailed description of the event in the box below)
Cessation of Tan Kia Teck, Thomas as Executive Director

Additional Details

Name Of Person
Tan Kia Teck, Thomas
Age
52
Is effective date of cessation known?
Yes
If yes, please provide the date
20/04/2016
Detailed Reason (s) for cessation
Mr Thomas Tan steps down on his own accord so as to facilitate new change of Board.
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
28/01/2014
Does the AC have a minimum of 3 members (taking into account this cessation)?
No
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
2
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
8
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Director
Role and responsibilities
Mr Thomas Tan is responsible for managing and developing existing business as well as identifying and securing new business opportunities of the Group.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
NA
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
Mr Thomas Tan has direct and deemed interest of 160,000 and 70,000 ordinary shares respectively.
Past (for the last 5 years)
NIL
Present
NIL