REPL::Change - Announcement of Cessation::CESSATION OF EXECUTIVE DIRECTOR
Issuer & Securities
GSS ENERGY LIMITED
GSS ENERGY LIMITED - SG1AG6000007 - 41F
Change - Announcement of Cessation
Date &Time of Broadcast
Announcement Sub Title
CESSATION OF EXECUTIVE DIRECTOR
Submitted By (Co./ Ind. Name)
Ng Say Tiong/Wong Liong Khoon
Description (Please provide a detailed description of the event in the box below)
Announcement on the cessation of Suyulianto Badung Tariono as Executive Director
This announcement has been reviewed by the Company's sponsor, Stamford Corporate Services Pte Ltd ("Sponsor"). It has not been examined or approved by the Singapore Exchange Securities Trading Limited ("SGX-ST") and SGX-ST assume 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
Tel: (65) 6389 3000
Name Of Person
Suyulianto Badung Tariono
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
Mr. Suyulianto has resigned as Executive Director of the Company to spend more time with his family in Indonesia. Based on its enquiries, the Company's continuing sponsor, Stamford Corporate Services Pte Ltd, is satisfied that, save as disclosed in this announcement, there are no other material reasons for the cessation of Mr. Suyulianto as Executive Director of the Company.
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.)
Role and responsibilities
Assist the Group Chief Executive Officer in the operation of oil and gas business.
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?
44,600,000 options exercisable into 44,6000,000 ordinary shares in Company.
The option lapse with effect from date of cessation.
Past (for the last 5 years)
GSS Energy Oilfield Management Limited;
GSS Energy Sumatra Limited;
Nusantara Resources Pte. Ltd.;
GSS Energy Trembul Limited