Change - Announcement of Cessation::CESSATION OF MANAGING DIRECTOR OF VIKING AIRTECH PTE LTD

Issuer & Securities

Issuer/ Manager
VIKING OFFSHORE AND MARINE LIMITED
Securities
VIKING OFFSHORE AND MA W180425 - SG9QC9991390 - 5VOW
VIKING OFFSHORE AND MARINE LTD - SG1J35888424 - 557
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
07-Jan-2015 17:35:37
Status
New
Announcement Sub Title
CESSATION OF MANAGING DIRECTOR OF VIKING AIRTECH PTE LTD
Announcement Reference
SG150107OTHRNO6G
Submitted By (Co./ Ind. Name)
Ong Choo Guan
Designation
Executive Director and Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
This document has been prepared by the Company and its contents have been reviewed by the Company's sponsor, CIMB Bank Berhad, Singapore branch ("Sponsor"), for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (the "SGX-ST"), this being the SGX-ST Listing Manual Section B: Rules of Catalist. The
Sponsor has not independently verified the contents of this document.

The document has not been examined or approved by the SGX-ST. The Sponsor and the SGX-ST assume no responsibility for the contents of this document including the correctness of any of the statements or opinions made or reports contained in this document.

The contact person for the Sponsor is Mr Tony Toh, Director, Corporate Finance. The contact particulars are 50 Raffles Place #09-01 Singapore Land Tower Singapore 048623,Telephone: +65 6337 5115

Additional Details

Name Of Person
Ong Choo Guan
Age
63
Is effective date of cessation known?
Yes
If yes, please provide the date
07/01/2015
Detailed Reason (s) for cessation
As a result of a recent reorganisation exercise of the Group.
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
01/01/2004
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)
3
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Managing Director of Viking Airtech Pte Ltd
Role and responsibilities
Responsible for the overall coordination of the Management team for the effective implementation of business strategies and policies.
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
As at the date of this announcement, Mr Ong Choo Guan has been granted 550,000 rights over shares pursuant to the Viking Long Term Incentive Plan, 2,500,000 options pursuant to the Viking Offshore and Marine Limited Share Option Scheme and 4,180,000 warrants pursuant to a Rights Issue. Mr Ong also holds 3.22% interest in Viking
Offshore and Marine Limited.
Past (for the last 5 years)
Viking Airtech Pte Ltd
Viking Facilities Management & Operations Pte Ltd
Viking HVAC Pte Ltd
Viking Offshore Global Pte Ltd
Promoter Hydraulics Pte Ltd
Marshal Systems Private Limited
Present
Viking Airtech Pte Ltd
Viking Facilities Management & Operations Pte Ltd
Viking HVAC Pte Ltd
Viking Offshore Global Pte Ltd
Promoter Hydraulics Pte Ltd
Marshal Systems Private Limited