Change - Announcement of Cessation::Cessation of Group Finance Manager

Issuer & Securities

Issuer/ Manager
ATLANTIC NAVIGATION HOLDINGS (SINGAPORE) LIMITED
Securities
ATLANTIC NAVIGATION HLDG(S)LTD - SG2F00983534 - 5UL
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
24-Dec-2018 01:08:37
Status
New
Announcement Sub Title
Cessation of Group Finance Manager
Announcement Reference
SG181224OTHR35IE
Submitted By (Co./ Ind. Name)
Wong Siew Cheong
Designation
Executive Director and Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Announcement of Cessation of Group Finance Manager (Mr Zamirul Hassan Bayezid).

This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor ("Sponsor"), SAC Capital Private Limited, 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 Lee Khai Yinn (Tel: (65) 6232 3210) at 1 Robinson Road, #21-00 AIA Tower, Singapore 048542.


Additional Details

Name Of Person
Zamirul Hassan Bayezid
Age
50
Is effective date of cessation known?
Yes
If yes, please provide the date
31/07/2018
Detailed Reason (s) for cessation
Due to family matters.

The Sponsor, after having interviewed Mr Zamirul Hassan Bayezid ("Mr Bayezid"), is satisfied that other than as disclosed in this announcement, there is no other reason for the resignation of Mr Bayezid.
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
01/05/2008
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)
3
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
7
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Group Finance Manager
Role and responsibilities
Mr Bayezid is responsible for assisting the Group's Executive Director (Finance) in managing the Group's accounting and finance functions, including the development and implementation of financial policies, preparation and consolidation of monthly, quarterly, half yearly and annual financial results, training accounting staff and distribution of duties.

Predominantly Mr Bayezid is responsible for administering ERP system, updating report model, collect, store, manage and interpret data from various business activities covering different areas of expertise, enforcement and enhancement of processes in the systems, improve impact of system process related to the finance and accounting, procurement, crewing, human resource and operational outputs and to define measures to evaluate performance of major areas for the success of an organisation.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
None
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
Nil
Present
Nil