Change - Announcement of Cessation::Resignation of Non-Executive Non-Independent Director

Issuer & Securities

Issuer/ Manager
NAUTICAWT LIMITED
Securities
NAUTICAWT LIMITED - SG1BE2000004 - 42D
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
14-Mar-2017 19:33:01
Status
New
Announcement Sub Title
Resignation of Non-Executive Non-Independent Director
Announcement Reference
SG170314OTHR2U5R
Submitted By (Co./ Ind. Name)
John Gronbech
Designation
Executive Director and CEO
Description (Please provide a detailed description of the event in the box below)
Please see attached.

This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, SAC Advisors Private Limited ("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.

This 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 Sebastian Jones, Director, SAC Advisors Private Limited, at 1 Robinson Road, #21-02 AIA Tower, Singapore 048542, telephone (65) 6532 3829.

SAC Capital Private Limited is the parent company of SAC Advisors Private Limited.

Additional Details

Name Of Person
Tan Fuh Gih
Age
64
Is effective date of cessation known?
Yes
If yes, please provide the date
10/03/2017
Detailed Reason (s) for cessation
For personal reason(s).

The Sponsor, after having interviewed Mr Tan Fuh Gih, is satisfied that, save as disclosed in the announcement, there are no other material reasons for the resignation of Mr Tan Fuh Gih as a Non-Executive Non-Independent 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?
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
02/01/2013
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
2
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Member of the Audit Committee, Remuneration Committee and Nominating Committee.
Role and responsibilities
Non-Executive Non-Independent Director
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Mr Tan Fuh Gih is a substantial shareholder of Kim Seng Holdings Pte Ltd ("KSH"), KSH is a substantial shareholder of the listed issuer.
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
Deemed Interest of 25.32% held by KSH.
Past (for the last 5 years)
Nautic Offshore Pte. Ltd
Hongkong Qinjia Mining Ltd
Knightsbridge Resources Pte. Ltd.
Liktop International Ltd
Seablue Dredge & Land Reclamation Pte. Ltd.
Singapore Consortium Pte. Ltd.
Singapore Quality Standards Pte. Ltd.
Twin Fountain Ltd
Viva Asset Management Pte. Ltd.
Viva Industrial Trust Management Pte. Ltd.
Viva Investment Management Pte. Ltd.
Supreme Excellence 1(HK) Limited
Supreme Excellence 4(HK) Limited
Singapore Hokkien Huay Kuan
Present
Apex Dynamic Investments Limited
China Enterprises Limited
Cloudzen Alpha Pte Ltd
Cosmos Worth Company Ltd
Double Dragon Energy Holdings Ltd
FG Capital Pte. Ltd.
GSP Atlas Ltd
GSP Orizont Ltd
Hadi International Marine Services Pte. Ltd.
HCS Investments Pte Ltd
HCS Management Services Pte Ltd
HCS Ventures Pte Ltd
Kim Seng Holdings Pte Ltd
Long Hua Development Pte Ltd
Media Industry (S) Pte Ltd
Nutrade Logistics & Distribution Centre Pte Ltd
Scott and English Energy Pte Ltd
Singapore Marine Logistics Pte Ltd
Singpetroleum Energy Pte. Ltd.
Southeast Asia Scan International Ltd
Star Excellence Pte Ltd
Strategic Excellence Limited
Strategic Fortuna Limited
Strategic Offshore Limited
Supreme Excellence 1 Pte. Ltd.
Supreme Excellence 2 Pte. Ltd.
Supreme Excellence 3 Pte. Ltd.
Supreme Excellence 4 Pte. Ltd.
Supreme Excellence 2(HK) Limited
Supreme Excellence 3(HK) Limited
SW Maritime Pte Ltd
Swissco Asia Pte Ltd
Swissco Energy Services Pte Ltd
Swissco Holdings Limited
Swissco International Pte Ltd
Swissco Maritime Pte Ltd
Swissco Marine Ltd
Swissco Offshore (Pte.) Ltd.
Swissco Ship Services Pte Ltd
S&E Offshore Investments Pte Ltd
S&E Services Investments Pte Ltd
S&E Offshore Investments 2 Pte Ltd
Valueright International Limited

Attachments

Resignation and Appointment of Directors and Changes in the Compositions of the Board and Board Committees.pdf
Total size =201K