Change - Announcement of Cessation::CESSATION OF INDEPENDENT NON-EXECUTIVE DIRECTOR AND CHAIRMAN

Issuer & Securities

Issuer/ Manager
LOYZ ENERGY LIMITED
Securities
LOYZ ENERGY LIMITED - SG1H44875935 - 594
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
11-May-2016 07:58:41
Status
New
Announcement Sub Title
CESSATION OF INDEPENDENT NON-EXECUTIVE DIRECTOR AND CHAIRMAN
Announcement Reference
SG160511OTHR1ULV
Submitted By (Co./ Ind. Name)
LEE CHYE CHENG, ADRIAN
Designation
DIRECTOR
Description (Please provide a detailed description of the event in the box below)
This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, Canaccord Genuity Singapore Pte. Ltd. (the "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 Sebastian Jones, Associate Director, Corporate Finance, Canaccord Genuity Singapore Pte. Ltd. at 77 Robinson Road #21-02 Singapore 068896, telephone (65) 6854 6160.

Additional Details

Name Of Person
SIMON CHARLES LOCKETT
Age
51
Is effective date of cessation known?
Yes
If yes, please provide the date
10/05/2016
Detailed Reason (s) for cessation
Mr Simon Charles Lockett has resigned as Chairman of the Board. He will be replaced by Mr Teo Choon Kow @ William Teo as the newly appointed Chairman. Mr Simon Charles Lockett will be contributing in another role as an Advisor to the Board. The Sponsor after having interviewed Mr Simon Charles Lockett, is satisfied that, save as disclosed in the announcement, there are no other material reasons for the resignation of Mr Simon Charles Lockett as an Independent Non-Executive Director and Chairman.
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
01/12/2014
Does the AC have a minimum of 3 members (taking into account this cessation)?
No
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
1
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
4
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Non-Executive Director and Chairman
Role and responsibilities
Independent Non-Executive Director and Chairman, Member of the Remuneration Committee and Member of the Audit Committee
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?
No
Past (for the last 5 years)
Please refer to Appendix A
Present
Independent Director:
Triyards Holdings Limited

Attachments

Appendix A.pdf
Total size =129K