Change - Announcement of Appointment::Appointment of Non-Executive Chairman

Issuer & Securities

Issuer/ Manager
ATLANTIC NAVIGATION HOLDINGS (SINGAPORE) LIMITED
Securities
ATLANTIC NAVIGATION HLDG(S)LTD - SG2F00983534 - 5UL
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
24-Dec-2018 01:02:58
Status
New
Announcement Sub Title
Appointment of Non-Executive Chairman
Announcement Reference
SG181224OTHRMUO8
Submitted By (Co./ Ind. Name)
Wong Siew Cheong
Designation
Executive Director and Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Announcement of Appointment of Non-Executive Chairman (Mr Kum Soh Har, Michael)

This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor ("Sponsor"), SAC Capital Private Limited, for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited ("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 Ms Lee Khai Yinn (Tel: (65) 6232 3210) at 1 Robinson Road, #21-00 AIA Tower, Singapore 048542.

Additional Details

Date Of Appointment
21/12/2018
Name Of Person
Kum Soh Har, Michael
Age
74
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
The Nominating Committee, having considered the qualification and experience of Mr Kum Soh Har, Michael, recommended his appointment as the Non-Executive Chairman of the Company. The recommendation was approved by the Board of Directors.
Whether appointment is executive, and if so, the area of responsibility
Non-Executive.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Executive Chairman, and member of the Remuneration Committee.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Yes. Mr Kum Soh Har, Michael is the spouse of Mdm Ong Bee Yong, Lynda ("Mdm Ong"), who is a deemed controlling shareholder of the Company through her 50% shareholding interest in Saeed Investment Pte. Ltd. ("Saeed"). Saeed is a controlling shareholder of the Company.
Conflict of interests (including any competing business)
Mr Kum Soh Har, Michael ("Mr Kum") and his spouse, Mdm Ong hold 100% shareholding interest in Halom Investments Pte. Ltd. ("Halom").
Halom is an investment holding company which currently holds 7.86% shareholding interest in MMA Offshore Limited ("MMA"), an ASX-listed company. MMA has similar businesses as the Group, i.e. provision of marine services to the offshore oil and gas industry.
The Board, in consultation with the Nominating Committee, is of the view that the interests of Mr Kum and his associates in MMA do not pose any conflict of interests with the Group's business as Mr Kum has confirmed that:
(i) Halom is only a passive investor of MMA;
(ii) he and his associates do not hold any directorship or management role in MMA; and
(iii) he and his associates do not, directly and/or indirectly, make any executive decisions for, or participate in the day-to-day management of, MMA.
Should there be any conflict of interest arise of which Mr Kum is reasonably aware in respect of himself and/his associates, Mr Kum will make such conflict of interest known to the Board as soon as he is so reasonably aware so that he may recuse himself from such related discussions and/or decisions and resolutions as most appropriate.
Working experience and occupation(s) during the past 10 years
2009 - Present
Non-Executive Chairman of M&L Hospitality Group

2007 - 2009
Executive Director of Miclyn Express Offshore
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
Deemed Interest - 262,918,394 Ordinary Shares in the Company
# 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)
Lillie Pte. Ltd.
EPC Investments Holding Pte. Ltd.
EPD Investments Holding Pte. Ltd.
M&L Offshore Investments V Pte. Ltd.
M&L (Hilton Auckland) Singapore Pte. Ltd.
M&L Trustee-Manager Pte. Ltd.
LJ&M Management Pty Ltd
Oceanic Horizon Limited
Present
M&L Manager Pte. Ltd.
M&L Offshore Investments Pte. Ltd.
M&L Offshore Investments IV Pte. Ltd.
M&L Offshore Investments VI Pte. Ltd.
M&L Offshore Investments VII Pte. Ltd.
M&L Offshore Investments VIII Pte. Ltd.
M&L Offshore Investments IX Pte. Ltd.
M&L Offshore Investments X Pte. Ltd.
M&L Offshore Investments XI Pte. Ltd.
M&L Offshore Investments XII Pte. Ltd.
M&L Offshore Investments XV Pte. Ltd.
M&L Offshore Investments XVI Pte. Ltd.
M&L Offshore Investments XVII Pte. Ltd.
M&L Offshore Investments XVIII Pte. Ltd.
M&L Offshore Investments XIX Pte. Ltd.
M&L Offshore Investments XX Pte. Ltd.
M&L Offshore Investments XXI Pte. Ltd.
M&L Offshore Investments XXII Pte. Ltd.
M&L (Hilton Auckland No.2) Singapore Pte. Ltd.
M&L Auckland Central (No. 1) Limited
M&L Auckland Central (No. 2) Limited
M&L Auckland Central Limited
Bencool LA Pte. Ltd.
Ewart Offshore Investments Pte. Ltd.
Balestier Investment Pte. Ltd.
EPB Pte. Ltd.
EPAB Pte. Ltd.
Halom Investments Pte. Ltd.
Girino Investments Pte. Ltd.
Koleth Winbuild Pte. Ltd.
Saeed Investment Pte. Ltd.
08-49 Novena Medical Pte. Ltd.
08-48 Novena Medical Pte. Ltd.
GL Investment Management Pty Ltd
Top Maple Investment Limited
Ambrosia Land Limited
Ewart NZ Management Ltd
Ewart NZ Management (No.2) Ltd
Rexton Global Limited
Albert St Auckland Limited
Superb Talent Holding Limited
AFT1 Holdings Limited
ES Properties (Stratford) SARL
Ewart (Manchester) SARL
Stratford City Hotels Limited
Flight Opco Limited
Ewart Manchester Properties Limited
Ewart X SARL
Ewart X Properties Limited
Ewart Frankfurt Hotel SARL
Ewart XVII SARL
AFT1 Hotels Limited
AFT1 Investments Limited
Ewart Amsterdam B.V.
Tencourts B.V.
Ewart Prague B.V.
South City Hotels
Ewart Hotel Schiphol Management B.V.
Gestin Holdings a.s
Gestin Centrum a.s
(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 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
The Nominating Committee undertakes to ensure appropriate arrangements will be put in place for Mr Kum to attend training courses to familiarise himself with the roles and responsibilities of a director of a public listed company in Singapore and other induction programs as necessary for the Non-Executive Chairman.