Change - Announcement of Cessation::Resignation of CEO and MD

Issuer & Securities

Issuer/ Manager
MERCATOR LINES (SINGAPORE) LIMITED
Securities
MERCATOR LINES (SINGAPORE) LTD - SG1W39939069 - EE6
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
22-Jan-2016 14:42:01
Status
New
Announcement Sub Title
Resignation of CEO and MD
Announcement Reference
SG160122OTHRBBVH
Submitted By (Co./ Ind. Name)
Yit Chee Wah
Designation
Judicial Manager
Effective Date and Time of the event
20/01/2016 17:00:00
Description (Please provide a detailed description of the event in the box below)
Resignation of CEO and MD

Additional Details

Name Of Person
Shalabh Mittal
Age
37
Is effective date of cessation known?
Yes
If yes, please provide the date
20/01/2016
Detailed Reason (s) for cessation
Personal reason
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?
No
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?
No
Any other relevant information to be provided to shareholders of the listed issuer?
No
Date of Appointment to current position
18/08/2005
Does the AC have a minimum of 3 members (taking into account this cessation)?
No
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
0
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
6
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
CEO and MD
Role and responsibilities
Executive
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Mercator International Pte Ltd, a wholly owned subsidiary of Mercator International Limited holds approximately 67% of the shares in the Company.
Mr Shalabh Mittal is the brother of Mr Adip Mittal, a Director of Mercator International Limited.
Mr Shalabh Mittal is the son of Mr Harish K Mittal, ex-Chairman and ex-Non-executive Director of the Company and directly/indirectly the largest shareholder of Mercator International Limited.

Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
Approximately 0.01% in the Company
Past (for the last 5 years)
Mercator Lines (Singapore) Ltd
Chitra Prem Pte Ltd
Viday Varsha Inc.
Mercator Limited
Mercator Oil & Gas Limited
Mercator International Pte Ltd
Oorja Holdings Pte Ltd
Oorja 1 Pte Ltd
Oorja 2 Pte Ltd
Oorja 3 Pte Ltd
Oorja (Batua) Pte Ltd
MCS Holdings Pte Ltd
Mercator Offshore (P) Pte Ltd
Mercator Energy Pte Ltd
Mercator Projects Pte Ltd
Mercator Offshore Asset Holding Pte Ltd
Mercator Offshore Holdings Pte Ltd
Mercator Okwok FPU Pte Ltd
Mercator Okoro FPU Pte Ltd
Auctus Ventures Pte Ltd
Present
Mercator Lines (Singapore) Ltd
Chitra Prem Pte Ltd
Viday Varsha Inc.
Oorja Holdings Pte Ltd
Oorja 1 Pte Ltd
Oorja 2 Pte Ltd
Oorja 3 Pte Ltd
Oorja (Batua) Pte Ltd
MCS Holdings Pte Ltd
Mercator Offshore (P) Pte Ltd
Mercator Energy Pte Ltd
Mercator Projects Pte Ltd
Mercator Offshore Asset Holding Pte Ltd
Mercator Offshore Holdings Pte Ltd
Mercator Okwok FPU Pte Ltd
Mercator Okoro FPU Pte Ltd
Auctus Ventures Pte Ltd
Mercator Global Pte Ltd
Fortune Offshore O&M Pte Ltd
Brio Resources Pte Ltd