Change - Announcement of Cessation::Resignation of Chief Financial Officer of KS Distribution Pte. Ltd.

Issuer & Securities

Issuer/ Manager
KS ENERGY LIMITED
Securities
KS ENERGY LIMITED - SG1G91873040 - 578
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
12-Jan-2017 20:06:47
Status
New
Announcement Sub Title
Resignation of Chief Financial Officer of KS Distribution Pte. Ltd.
Announcement Reference
SG170112OTHR73PF
Submitted By (Co./ Ind. Name)
Lynn Wan Tiew Leng
Designation
Company Secretary
Effective Date and Time of the event
12/01/2017 17:00:00
Description (Please provide a detailed description of the event in the box below)
Resignation of Chief Financial Officer of KS Distribution Pte. Ltd., a 55.35%-owned entity of KS Energy Limited.

Additional Details

Name Of Person
Philip Tan Eng Lay
Age
54
Is effective date of cessation known?
Yes
If yes, please provide the date
12/01/2017
Detailed Reason (s) for cessation
To pursue personal interests.
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
01/10/2015
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)
5
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.)
Chief Financial Officer of KS Distribution Pte. Ltd.
Role and responsibilities
Mr Philip Tan is responsible for planning, managing and controlling of all financial related activities of KS Distribution Pte. Ltd. and its subsidiaries.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Nil
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
1. Director, World Fuel Services (Singapore) Pte Ltd
2. Director, World Fuel Singapore Holding Company I Pte Ltd
3. Director, World Fuel Singapore Holding Company II Pte Ltd
4. Director, Sensor Drive Technology (Asia) Pte Ltd
5. Agent, Aet Inc. Limited (Singapore Branch)
Present
1. Aqua-Terra Logistics Pte. Ltd.
2. Oceanic Offshore Engineering Pte. Ltd.
3. Orient Marine Pte Ltd
4. PT AT Oceanic Offshore