Change - Announcement of Cessation::Announcement of Cessation as Chief Financial Officer and Joint Company Secretary

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 21:07:14
Status
New
Announcement Sub Title
Announcement of Cessation as Chief Financial Officer and Joint Company Secretary
Announcement Reference
SG140904OTHRCUHI
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 Financial Officer and Joint Company Secretary

Additional Details

Name Of Person
Yak Thian Huat
Age
43
Is effective date of cessation known?
Yes
If yes, please provide the date
30/11/2014
Detailed Reason (s) for cessation
To pursue other career opportunities.

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 Yak Thian Huat as the Chief Financial Officer and Joint Company Secretary of the Company.

In addition, there are no concerns with regards to financial reporting that led to the departure of Mr Yak Thian Huat and there are no disagreements between Mr Yak Thian Huat and the Company's Board of Directors with regards to practices that will have an impact to the Company's financial reporting.
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
01/10/2013
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
1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chief Financial Officer and Joint Company Secretary
Role and responsibilities
Responsible for the Charisma Group's finance functions which include accounting, internal controls, financial and management reporting, investment, tax, treasury, financial analysis, M&A support, risk management and investor relations as well as corporate secretarial matters.
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)
Nil
Present
Nil

Attachments

Sponsor_Statement_070814.pdf
Total size =16K