Change - Announcement of Appointment::Appointment of Mr Luke Ho Khee Yong as Chief Executive Officer

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 Appointment
Date &Time of Broadcast
16-Jul-2015 19:42:25
Status
New
Announcement Sub Title
Appointment of Mr Luke Ho Khee Yong as Chief Executive Officer
Announcement Reference
SG150716OTHRAJXL
Submitted By (Co./ Ind. Name)
Ong Sing Huat
Designation
Company Secretary
Effective Date and Time of the event
02/06/2015 09:00:00
Description (Please provide a detailed description of the event in the box below)
Appointment of Mr Luke Ho Khee Yong as the Chief Executive Officer.

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

Date Of Appointment
02/06/2015
Name Of Person
Luke Ho Khee Yong
Age
39
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
As part of succession planning, Mr Luke Ho Khee Yong ("Luke") has been appointed the interim Chief Operating Officer on 1 July 2014 (refer to announcement dated 30 June 2014) and interim Chief Executive Officer ("CEO") of Magnus Energy Group Ltd. on 1 October 2014 (refer to announcement dated 16 September 2014). Upon recommendation by the Nominating Committee, the Board reviewed and considered Mr Luke's qualifications, work experience and contributions and concluded that he is suitable to assume the position of CEO on 2 June 2015 (refer to announcement dated 2 June 2015).
Whether appointment is executive, and if so, the area of responsibility
The appointment is executive.

Mr Luke will be responsible for the strategic and overall management, daily operations and performance of the Group.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chief Executive Officer
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Nil
Conflict of interests (including any competing business)
Nil
Working experience and occupation(s) during the past 10 years
Magnus Energy Group Ltd.
Oct 2014 - Jun 2015 - Interim Chief Executive Officer
Jun 2012 - Jun 2015 - Chief Financial Officer and Company Secretary

Asiasons WFG Financial Ltd.
Oct 2011 to Jun 2012 - SVP - Group Finance & Operations and Joint Company Secretary

Magnus Energy Group Ltd.
Jun 2010 to Sep 2011 - Company Secretary
Sep 2009 to Sep 2011 - Chief Financial Officer
Sep 2006 to Sep 2009 - Regional Finance Manager

Tianjin Singex Co., Ltd
Mar 2005 to Aug 2006 - Chief Financial Officer


Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
APAC Coal Limited - 0.4%
# These fields are not applicable for announcements of appointments pursuant to Listing Rule 704 (9) or Catalist Rule 704 (8).
Past (for the last 5 years)
1. One Industries Pte. Ltd.
2. People Technologies Pte Ltd
3. Daisuke Sasaki Asia Fashion Fund Pte Ltd
4. DSAFF (Singapore) Pte Ltd
5. DSAFF (Production) Pte Ltd
6. Wallmans Limited
Present
1. Dynamic Return (Singapore) Pte Ltd
2. ISR Global Pte Ltd
3. Infiniti Advantage Pte Ltd
4. ISR Shanghai Investment Advisory Co Ltd
5. MEG Global Ventures Pte. Ltd.
6. Antig Investments Pte. Ltd.
7. Mid-Continent Equipment Group Pte Ltd.
8. VSL Resources
9. MEG Global Resources Limited
(a) Whether at any time during the last 10 years, an application or a petition under any bankruptcy law of any jurisdiction was filed against him or against a partnership of which he was a partner at the time when he was a partner or at any time within 2 years from the date he ceased to be a partner?
No
(b) Whether at any time during the last 10 years, an application or a petition under any law of any jurisdiction was filed against an entity (not being a partnership) of which he was a director or an equivalent person or a key executive, at the time when he was a director or an equivalent person or a key executive of that entity or at any time within 2 years from the date he ceased to be a director or an equivalent person or a key executive of that entity, for the winding up or dissolution of that entity or, where that entity is the trustee of a business trust, that business trust, on the ground of insolvency?
No
(c) Whether there is any unsatisfied judgment against him?
No
(d) Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving fraud or dishonesty which is punishable with imprisonment, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such purpose?
No
(e) Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such breach?
No
(f) Whether at any time during the last 10 years, judgment has been entered against him in any civil proceedings in Singapore or elsewhere involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or a finding of fraud, misrepresentation or dishonesty on his part, or he has been the subject of any civil proceedings (including any pending civil proceedings of which he is aware) involving an allegation of fraud, misrepresentation or dishonesty on his part?
No
(g) Whether he has ever been convicted in Singapore or elsewhere of any offence in connection with the formation or management of any entity or business trust?
No
(h) Whether he has ever been disqualified from acting as a director or an equivalent person of any entity (including the trustee of a business trust), or from taking part directly or indirectly in the management of any entity or business trust?
No
(i) Whether he has ever been the subject of any order, judgment or ruling of any court, tribunal or governmental body, permanently or temporarily enjoining him from engaging in any type of business practice or activity?
No
(j) Whether he has ever, to his knowledge, been concerned with the management or conduct, in Singapore or elsewhere, of the affairs of :-
(i) any corporation which has been investigated for a breach of any law or regulatory requirement governing corporations in Singapore or elsewhere; or
No
(ii) any entity (not being a corporation) which has been investigated for a breach of any law or regulatory requirement governing such entities in Singapore or elsewhere; or
No
(iii) any business trust which has been investigated for a breach of any law or regulatory requirement governing business trusts in Singapore or elsewhere; or
No
(iv) any entity or business trust which has been investigated for a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, in connection with any matter occurring or arising during that period when he was so concerned with the entity or business trust?
No
(k) Whether he has been the subject of any current or past investigation or disciplinary proceedings, or has been reprimanded or issued any warning, by the Monetary Authority of Singapore or any other regulatory authority, exchange, professional body or government agency, whether in Singapore or elsewhere?
Yes
If Yes, Please provide full details
Assisting the Commercial Affairs Department with investigations in relation to an offence under the Securities and Futures Act (Cap. 289). Please refer to the announcements dated 2 April 2014, 3 April 2014, 4 April 2014 and 29 April 2014 for further details.
Any prior experience as a director of a listed company?
No
If No, Please provide details of any training undertaken in the roles and responsibilities of a director of a listed company
Not applicable