Change - Announcement of Appointment::Appointment of Executive Director

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
10-Jan-2020 00:46:17
Status
New
Announcement Sub Title
Appointment of Executive Director
Announcement Reference
SG200110OTHR0GWL
Submitted By (Co./ Ind. Name)
Ong Wei Jin
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Appointment of Executive Director

This announcement has been reviewed by the Company's sponsor, Stamford Corporate Services Pte Ltd (the "Sponsor").
It has not been examined or approved by the Singapore Exchange Securities Trading Limited (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.
Telephone: +65 6389 3000.
Email: bernard.lui@morganlewis.com

Additional Details

Date Of Appointment
09/01/2020
Name Of Person
Charles Madhavan
Age
61
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
N.A.
Whether appointment is executive, and if so, the area of responsibility
Yes. Executive Director. Responsibility is equivalent to that of CEO.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
1. Executive Director
Professional qualifications
GCE 'O' Levels
Any relationship (including immediate family relationships) with any existing director, existing executive officer, the issuer and/ or substantial shareholder of the listed issuer or any of its principal subsidiaries
Sng Lee Leng (Spouse): 245,000,000 shares (1.94%)

Blue Water Engineering Pte Ltd (director and shareholder): 250,000,000 (1.98%)

Idola Cakrawala International Pte Ltd (director and shareholder): 200,000,000 (1.58%)
Conflict of interests (including any competing business)
Nil
Working experience and occupation(s) during the past 10 years
2018 to 2018
Magnus Energy Group Ltd. - Managing Director

2017 to Current
Blue Water Asia Pacfic Group Ltd (BVI) - Director/Shareholder (resigned on 4 Dec 2012, re-appointed 6 Mar 2017)

2016 to Current
Idola Cakrawala International Pte Ltd - Director/Shareholder

2016 to Current
Bumi Oriental Energy (Singapore) Pte Ltd (fka White & Brown Holdings Pte Ltd) - Director/Shareholder

2016 to 2019
Palau Energy Pte Ltd (Struck off on 8 July 2019) - Director (resigned 16 May 2014, reappointed 18 April 2016)

2015 to Current
Ekamaro Sakti (s) Pte Ltd (fka MOS Subsea Pte Ltd) - Director

2000 to Current
Blue Water Engineering Pte Ltd - Director/Shareholder

2013 to 2017
Java Petral Energy Pte Ltd (Struck off on 6 February 2017) - Director/Shareholder

2015 to 2017
International Investments Technology Pte Ltd - Director/Shareholder

2015 to 2015
GSS Energy Limited, an SGX listed company - Executive Director

2015 to 2015
GSS Energy Sumatra Limited - Director

2002 to 2015
Cepu Sakti Energy Holdings Ltd (BVI) - Director/Shareholder

2002 to 2015
Cepu Sakti Energy Pte Ltd (fka Perpetual Drilling Pte Ltd) - Director

2015 to 2015
Nusantara Resources Pte Ltd - Director

2014 to 2014
Select Energy Pte Ltd - Director
Undertaking submitted to the listed issuer in the form of Appendix 7.7 (Listing Rule 704(7)) Or Appendix 7H (Catalist Rule 704(6))
Yes
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
5.5% deemed interest in the Company, as set out above.
# 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)
April 2016 to July 2019
Palau Energy Pte Ltd (Struck off) - Director

April 2018 to May 2018
Magnus Energy Group Ltd. - Managing Director

January 2013 to February 2017
Java Petral Energy Pte Ltd (Struck off) - Director/Shareholder

May 2015 to September 2015
Nusantara Resources Pte Ltd - Director

September 2002 to August 2015
Cepu Sakti Energy Pte Ltd - Director

May 2015 to August 2015
GSS Energy Limited - Director

December 2015 to June 2017
International Investments Technology Pte Ltd - Director
Present
Blue Water Asia Pacific Group Ltd (BVI) - Director

Idola Cakrawala International Pte Ltd - Director

Bumi Oriental Energy (Singapore) Pte Ltd - Director

Ekamaro Sakti (s) Pte Ltd - Director

Blue Water Engineering Pte Ltd - Director
(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?
No
Any prior experience as a director of an issuer listed on the Exchange?
Yes
If Yes, Please provide details of prior experience
April 2018 to May 2018 - Magnus Energy Group Ltd. - Managing Director

March 2015 to August 2015 - GSS Energy Limited - Director