Change - Announcement of Appointment::Appointment of Chief Operating Officer

Issuer & Securities

Issuer/ Manager
REX INTERNATIONAL HOLDING LIMITED
Securities
REX INTERNATIONAL HOLDING LTD - SG2G04994999 - 5WH
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
08-Oct-2015 17:07:09
Status
New
Announcement Sub Title
Appointment of Chief Operating Officer
Announcement Reference
SG151008OTHR5ZX6
Submitted By (Co./ Ind. Name)
Dan Brostrom
Designation
Executive Director and Chairman
Description (Please provide a detailed description of the event in the box below)
This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, PrimePartners Corporate Finance Pte. Ltd. (the "Sponsor"), for compliance with the Singapore Exchange Securities Trading Limited (the "SGX-ST") Listing Manual Section B: Rules of Catalist. The Sponsor has not verified the contents of this announcement.

This announcement has not been examined or approved by the SGX-ST. The Sponsor and the SGX-ST assume no responsibility for the contents of this announcement including the accuracy, completeness or correctness of any of the information, statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Ms Gillian Goh, Director, Head of Continuing Sponsorship, at 16 Collyer Quay, #10-00 Income at Raffles, Singapore 049318, telephone (65) 62298088.

Additional Details

Date Of Appointment
08/10/2015
Name Of Person
Svein Kjellesvik
Age
66
Country Of Principal Residence
Monaco
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
The Board of Directors of the Company ("Board"), having considered the recommendation of the Nominating Committee, and having assessed Mr Svein Kjellesvik's qualifications, experience and competencies, is of the view that he has the requisite experiences and capabilities to assume the responsibilities as the Chief Operating Officer of the Group. Accordingly, the Board has approved the appointment of Mr Svein Kjellesvik as the Chief Operating Officer of the Group.
Whether appointment is executive, and if so, the area of responsibility
Executive.
Mr Svein Kjellesvik will assume responsibility for overseeing the Group's overall operations, including the integration of new business development plans into the Group s operations.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chief Operating Officer
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
No
Conflict of interests (including any competing business)
No
Working experience and occupation(s) during the past 10 years
Since his retirement from Schlumberger in 2002, Mr Svein Kjellesvik has been an independent entrepreneur. Since 2008, he has been involved in the start-up of Rex Middle East Ltd (formerly known as Rex Oil & Gas) and Lime Petroleum Plc which are currently a wholly-owned subsidiary and an indirect 65% owned jointly-controlled entity of the Company respectively.
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
Mr Svein Kjellesvik is deemed interested in 556,921,960 ordinary shares of the Company held by Rex Commercial Ltd., a wholly-owned subsidiary of Rex Partners Ltd., by virtue of his controlling interest of 20% in Rex Partners Ltd..
# 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)
From January 2008 to May 2011: Bergen Oilfield Services AS

From June 2011 to June 2012: Lime Petroleum Plc
Present
From March 2008: Rex Middle East Ltd (formerly known as Rex Oil & Gas)
From April 2010: Dahan Petroleum Ltd.
From July 2011: Zubarah Petroleum Ltd.
From January 2012: Baqal Petroleum Ltd.

From December 2012: Lime Petroleum Norway AS

From November 2013: GroundMetrics, Inc.

From July 2014: Rexonic AG
From October 2014: West Indian Energy Group Limited
(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 No, Please provide details of any training undertaken in the roles and responsibilities of a director of a listed company
Not applicable