Change - Announcement of Appointment::Appointment of Independent Non-Executive Director

Issuer & Securities

Issuer/ Manager
KRISENERGY LTD.
Securities
KRISENERGY LTD. - KYG532261099 - SK3

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
13-May-2014 17:20:07
Status
New
Announcement Sub Title
Appointment of Independent Non-Executive Director
Announcement Reference
SG140513OTHRC0KQ
Submitted By (Co./ Ind. Name)
Kelvin Tang
Designation
Company Secretary
Effective Date and Time of the event
14/05/2014 00:00:00
Description (Please provide a detailed description of the event in the box below)
The initial public offering of the Company was sponsored by CLSA Singapore Pte Ltd and Merrill Lynch (Singapore) Pte. Ltd. (the Joint Issue Managers, Global Coordinators, Bookrunners and Underwriters). The Joint Issue Managers, Global Coordinators, Bookrunners and Underwriters assume no responsibility for the contents of this announcement.

Additional Details

Date Of Appointment
13/05/2014
Name Of Person
Keith James Pringle
Age
55
Country Of Principal Residence
United Kingdom
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
After reviewing the recommendations of the Nominating Committee and the qualifications and experience of Mr. Keith Pringle as set out below, the Board approved the appointment of Mr. Keith Pringle as an Independent Non-Executive Director of KrisEnergy Ltd.
Whether appointment is executive, and if so, the area of responsibility
Non-Executive.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Non-Executive Director, Member of Audit Committee and Remuneration Committee.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
None.
Conflict of interests (including any competing business)
None.
Working experience and occupation(s) during the past 10 years
Executive Director of Caledonia Oil and Gas Ltd from 2003 to 2006; Executive Director of First Reserve International Ltd from 2007 to 2009; Non-Executive Director at Turbo Alpha Ltd and Turbo Beta Ltd from 2007 to 2008; Non-Executive Director at KrisEnergy Ltd from 2009 to 2010; Non-Executive Director of Remora Energy from 2009 to 2012; Non-Executive Director at Delta Energy Ltd from 2011 to 2013; Independent Technical Advisor at KrisEnergy Ltd from 2010 to 2014; Consultancy and advisory work from 2010 to 2014 for various international corporations, including oil and gas companies.
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
171,344 shares
# 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)
Non-Executive Director at KrisEnergy Ltd from 2009 to 2010; Non-Executive Director of Remora Energy from 2009 to 2012; Non-Executive Director at Delta Energy Ltd from 2011 to 2013
Present
None
(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 Yes, Please provide full details
Mr. Keith Pringle has received presentations on Directors' duties and responsibilities of a SGX listed corporation and the Company intends to provide further training, where relevant and available.