Change - Announcement of Cessation::Cessation as Chief Financial Officer

Issuer & Securities

Issuer/ Manager
VARD HOLDINGS LIMITED
Securities
VARD HOLDINGS LIMITED - SG2C47963963 - MS7
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
13-May-2015 00:05:09
Status
New
Announcement Sub Title
Cessation as Chief Financial Officer
Announcement Reference
SG150513OTHRCLNI
Submitted By (Co./ Ind. Name)
Elizabeth Krishnan
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Announcement of Cessation as Chief Financial Officer

Additional Details

Name Of Person
Jan Ivar Nielsen
Age
52
Is effective date of cessation known?
Yes
If yes, please provide the date
13/05/2015
Detailed Reason (s) for cessation
Mr Jan Ivar Nielsen has been re-designated as Finance Officer Brazil.
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
01/10/2010
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)
2
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.)
Chief Financial Officer
Role and responsibilities
To oversee the financial management and reporting of the Group.
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)
Vard Braila SA
Vard Tulcea SA
Present
Vard Electro AS
Vard Promar SA