Change - Announcement of Cessation::Cessation of Executive Director

Issuer & Securities

Issuer/ Manager
KIM HENG OFFSHORE & MARINE HOLDINGS LIMITED
Securities
KIMHENG OFFSHORE&MARINE HLDLTD - SG2G57000009 - 5G2
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
12-Dec-2017 20:32:32
Status
New
Announcement Sub Title
Cessation of Executive Director
Announcement Reference
SG171212OTHR8F2N
Submitted By (Co./ Ind. Name)
Tan Keng Siong Thomas
Designation
Executive Chairman and CEO
Description (Please provide a detailed description of the event in the box below)
Cessation of Executive Director

This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, SAC Capital Private Limited ("Sponsor"), for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited ("SGX-ST"). The Sponsor has not independently verified the contents of this announcement.

This announcement has not been examined or approved by the SGX-ST and the SGX-ST assumes 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 Ms Tay Sim Yee, SAC Capital Private Limited at 1 Robinson Road, #21-02 AIA Tower, Singapore 048542, telephone (65) 6532 3829.

Additional Details

Name Of Person
Yeo Seh Hong
Age
60
Is effective date of cessation known?
Yes
If yes, please provide the date
12/12/2017
Detailed Reason (s) for cessation
Resignation in order to comply with the board membership requirements set out in the Code of Corporate Governance 2012.
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
26/12/2013
Does the AC have a minimum of 3 members (taking into account this cessation)?
Yes
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
2
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Director
Role and responsibilities
Overall operations, sales and marketing
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
No
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
100,000 ordinary shares
Past (for the last 5 years)
Nil
Present
I. Kim Heng Marine & Oilfield Pte Ltd;
ii. Kim Heng Tubulars Pte Ltd;
iii. Kim Heng Shipbuilding & Engineering Pte. Ltd.;
iv. Kim Heng Maritime Pte. Ltd.;
v. Alpine Progress Shipping Pte. Ltd.; and
vi. Kim Heng Offshore & Marine Pte. Ltd.