Change - Announcement of Cessation::Announcement of Cessation as Chief Executive Officer and Executive Director
Issuer & Securities
Issuer/ Manager
CHARISMA ENERGY SERVICES LIMITED
Securities
CHARISMA ENERGY SERVICES LTD - SG2B54957198 - 5QT
Stapled Security
No
Announcement Details
Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
04-Sep-2014 20:57:26
Status
New
Announcement Sub Title
Announcement of Cessation as Chief Executive Officer and Executive Director
Announcement Reference
SG140904OTHRT7O3
Submitted By (Co./ Ind. Name)
Lim Ka Bee
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Announcement of Cessation as Chief Executive Officer and Executive Director
Additional Details
Name Of Person
Woo Peng Kong
Age
61
Is effective date of cessation known?
Yes
If yes, please provide the date
30/09/2014
Detailed Reason (s) for cessation
Mr Woo will relinquish his position as Executive Director and Chief Executive Officer of the Company on 30 September 2014. He will be redeployed to Ezion Holdings Limited as Director of Special Projects with effect from 1 October 2014.
Based on its enquiries, the Company's sponsor, PrimePartners Corporate Finance Pte. Ltd. is satisfied that, other than as disclosed in this announcement, there are no other material reasons for the cessation of Mr Woo as the Executive Director and Chief Executive Officer of the Company.
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
20/02/2013
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
0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chief Executive Officer and Executive Director
Role and responsibilities
Responsible for Charisma's strategic planning, corporate management, operations and business development.
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?
Yes
Shareholding Details
207,000,000 options to subscribe for 207,000,000 new ordinary shares in the Company under Option Agreement dated 25 October 2012
Past (for the last 5 years)
Please refer to Appendix A.
Present
Global Premium Hotels Limited (Non-Executive & Independent Director)
Attachments
WPK_AppendixA.pdf
Sponsor_Statement_070814.pdf
Total size =71K
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