Change - Announcement of Cessation::Resignation of Chief Operating Officer and Executive Director

Issuer & Securities

Issuer/ Manager
KTL GLOBAL LIMITED
Securities
KTL GLOBAL LIMITED - SG1W37938998 - EB7
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
28-Dec-2018 17:29:57
Status
New
Announcement Sub Title
Resignation of Chief Operating Officer and Executive Director
Announcement Reference
SG181228OTHR9D2L
Submitted By (Co./ Ind. Name)
Tan Kheng Kuan
Designation
Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Resignation of Chief Operating Officer and Executive Director

Additional Details

Name Of Person
Beretta Mark Gareth Joseph
Age
52
Is effective date of cessation known?
Yes
If yes, please provide the date
28/12/2018
Detailed Reason (s) for cessation
Mr Beretta is resigning from his position as Chief Operating Officer and Executive Director, pursuant to a management restructuring exercise. He will remain in his existing positions in the Group's subsidiaries.
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
31/10/2007
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
1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chief Operating Officer and Executive Director
Role and responsibilities
Responsible for overseeing strategic marketing and business development, as well as growing the offshore O&G business. He also oversees the sales and marketing team to develop the existing clientele base and reach out to new regional markets.
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
Direct interest in 3,072,903 ordinary shares in the capital of KTL Global Limited
Past (for the last 5 years)
KTL Future Synthetics Pte. Ltd.
Present
KTL Offshore Services Pte. Ltd.