Change - Announcement of Cessation::Cessation of Group Managing Director
Issuer & Securities
TECHNICS OIL & GAS LIMITED
TECHNICS OIL & GAS LIMITED - SG1N85910015 - 5CQ
Change - Announcement of Cessation
Date &Time of Broadcast
Announcement Sub Title
Cessation of Group Managing Director
Submitted By (Co./ Ind. Name)
Tan Sri Nathan Elumalay
Description (Please provide a detailed description of the event in the box below)
Cessation of Tan Sri Nathan Elumalay as Group Managing Director
Name Of Person
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
Following the appointment of Mr Ng Chiu Yuen as Group Managing Director, Tan Sri Nathan Elumalay relinquished this position and will remain as Executive Chairman.
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?
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?
Any other relevant information to be provided to shareholders of the listed issuer?
Date of Appointment to current position
Does the AC have a minimum of 3 members (taking into account this cessation)?
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Chairman & Group Managing Director
Role and responsibilities
As Group Managing Director, Tan Sri Nathan Elumalay's bears the overall daily operational responsibility for the Group's business.
Following his relinquishment as Group Managing Director while remaining as Executive Chairman, Tan Sri Nathan Elumalay is responsible for the general management and overall strategic planning and direction of the Group.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Father of Shamila Nathan and Narishnath Nathan, Non-Executive Non-Independent Directors of the Company.
Shareholding interest in the listed issuer and its subsidiaries?
Eversendai Corporation Berhad holds 29.87% shares in Technics Oil & Gas Limited and Tan Sri Nathan Elumalay is deemed to be interested in 71.76% shares in Eversendai Corporation Berhad, by virtue of his interest in the ultimate holding company of Eversendai Corporation Berhad.
Past (for the last 5 years)
Barracudaa Communication Pte Ltd
Barracuda Advertising Sdn Bhd
Botanical Extracts Sdn Bhd
Eversendai Corporation Berhad
Eversendai Energia Sdn Bhd (f.k.a
Shineversendai Engineering (M) Sdn Bhd)
Vahana Holdings Sdn Bhd
Eversendai Constructions (M) Sdn Bhd
ECB Properties Sdn Bhd
Perisai Kuasa Sdn Bhd
Eversendai Oil & Gas (M) Sdn Bhd
Eversendai Offshore Sdn Bhd
Vahana Offshore (M) Sdn Bhd
AK Nathan Foundation
Eversendai Construction (S) Pte Ltd
Eversendai Engineering Pte Ltd
Vahana Offshore (S) Pte Ltd
Eversendai Technics Pte Ltd
Aryan-Inspire Pte Ltd
Arjun-Aspire Pte Ltd
Eversendai Engineering LLC (Dubai)
Eversendai Engineering LLC (Abu Dhabi)
Eversendai Engineering Qatar WLL
Eversendai Engineering FZE (Sharjah)
EVS Construction LLC (Dubai)
Eversendai Engineering Saudi LLC
Eversendai Offshore RMC FZE
Eversendai Construction Pvt Ltd (India)
Eversendai Frontiers Pvt Ltd (India)
Eversendai Engineering LLC (Azerbaijan)
Eversendai S-Con Engineering Co., Ltd (Thailand)
Eversendai Engineering (Pvt) Ltd (Sri Lanka)