Change - Announcement of Cessation::Cessation of Operations Manager, Mermaid Drilling
Issuer & Securities
MERMAID MARITIME PUBLIC CO LTD
MERMAID MARITIME PUBLIC CO LTD - TH0955010002 - DU4
Change - Announcement of Cessation
Date &Time of Broadcast
Announcement Sub Title
Cessation of Operations Manager, Mermaid Drilling
Submitted By (Co./ Ind. Name)
Ms. Rujiraporn Hengtrakool
Manager, Legal & Corporate Affairs Dept.
Description (Please provide a detailed description of the event in the box below)
Cessation of Mr. Jeffery Allen Breal, Operations Manager, Mermaid Drilling
Name Of Person
Mr. Jeffery Allen Breal
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
Due to internal restructuring.
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?
If Yes, Please provide full details
The Board of Directors of the Company expresses its thanks and appreciation for the role that Mr. Breal has performed in maintaining the operational efficiency of the offshore drilling services business of the Company including supervision of new build rigs under construction. Mr. Breal has agreed to continually support the Company as a consultant on a project-by-project basis subject to terms and conditions to be mutually agreed.
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.)
Operations Manager, Mermaid Drilling
Role and responsibilities
To manage and oversee the day-to-day operations of the offshore drilling services business of the Company including supervision of new build rigs under construction.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Shareholding interest in the listed issuer and its subsidiaries?
Past (for the last 5 years)