Change - Announcement of Appointment::Appointment of Executive Chairman and Group Managing Director

Issuer & Securities

Issuer/ Manager
TECHNICS OIL & GAS LIMITED
Securities
TECHNICS OIL & GAS LIMITED - SG1N85910015 - 5CQ
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
01-Apr-2016 17:49:44
Status
New
Announcement Sub Title
Appointment of Executive Chairman and Group Managing Director
Announcement Reference
SG160401OTHR923M
Submitted By (Co./ Ind. Name)
Tay Mian Cheo
Designation
Executive Chairman
Description (Please provide a detailed description of the event in the box below)
Appointment of Tan Sri Nathan Elumalay as Executive Chairman & Group Managing Director

Additional Details

Date Of Appointment
01/04/2016
Name Of Person
Nathan Elumalay
Age
60
Country Of Principal Residence
Malaysia
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
The Board of Directors has accepted the recommendation of the Nominating Committee of the Company which has
reviewed Tan Sri Nathan Elumalay's credentials and experience, and approved the appointment of Tan Sri Nathan Elumalay as an Executive Chairman & Group Managing Director of the Company.
Whether appointment is executive, and if so, the area of responsibility
Executive. Tan Sri Nathan Elumalay will be responsible for the general management and overall strategic planning and direction of the Group.

As Managing Director, Tan Sri Nathan Elumalay bears the overall daily operational responsibility for the Group's business.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Chairman & Group Managing Director
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
Conflict of interests (including any competing business)
NIL
Working experience and occupation(s) during the past 10 years
Tan Sri A K Nathan is the Executive Chairman and Group Managing Director of Eversendai Corporation Berhad. He was appointed to the Board of Eversendai Corporation Berhad on 12 August 2004.

Tan Sri A K Nathan is the founder of Eversendai Corporation Berhad. He developed the company from a modest structural steel erection specialist in Malaysia into one of the world's leading integrated structural steel turnkey contractors. Under Tan Sri's leadership, the Eversendai Group has successfully completed the structural steel work for many high-profile global projects namely, Tower 2 of the Petronas Twin Towers and the Kuala Lumpur International Airport in Malaysia; the Burj Al Arab, Dubai Mall, Ski Dubai and Burj Khalifa in Dubai, UAE; Capital Gate in Abu Dhabi, UAE; and the New Doha International Airport in Doha, Qatar.

Tan Sri has also been instrumental in the establishment and progression of steel fabrication facilities in Rawang, Dubai,
Sharjah, Doha, Ras Al-Khaimah,Trichy and Thailand with a combined annual capacity of over 220,000 tonnes. Today,
Eversendai employs over 10,000 staff in 9 countries and operates out of 14 offices.

Tan Sri has won several notable industry awards which pay tribute to his contributions to the construction industry such
as the Golden Construction Award 2008 from the Trade Leaders Club in Madrid, Spain, the Malaysian Entrepreneur of
the Year 2008 from Ernst & Young as well as CEO of the Year Award in 2008 by CIDB. Tan Sri is also a prolific speaker and is often invited to deliver speeches at various seminars, forums, universities and conferences.
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
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.
# 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)
Barracudaa Communication Pte Ltd
Barracuda Advertising Sdn Bhd
Botanical Extracts Sdn Bhd
Present
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)
(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?
Yes
If Yes, Please provide details of prior experience
Tan Sri Nathan Elumalay is the Executive Chairman and Group
Managing Director of Eversendai Corporation Berhad, a company
listed in the Main Market of Bursa Securities, Malaysia.