Change - Announcement of Cessation::Cessation as Non-Executive Director

Issuer & Securities

Issuer/ Manager
PACC OFFSHORE SERVICES HOLDINGS LTD.
Securities
PACC OFFSHORE SVCS HLDG LTD. - SG2G83000007 - U6C
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
27-Apr-2015 17:45:10
Status
New
Announcement Sub Title
Cessation as Non-Executive Director
Announcement Reference
SG150427OTHRHCUS
Submitted By (Co./ Ind. Name)
Dawn Tay
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Retirement of Mr Teo Joo Kim as Non-Executive Director.


PACC Offshore Services Holdings Ltd. (hereinafter refer as Company) wishes to inform that this Announcement should be read in conjunction with the following statement:

This initial public offering of the Company was sponsored by DBS Bank Ltd., Merrill Lynch (Singapore) Pte. Ltd. and Oversea-Chinese Banking Corporation Limited (together, the Joint Issue Managers). The Joint Issue Managers assume no responsibility for the contents of this Announcement.

Additional Details

Name Of Person
Teo Joo Kim
Age
74
Is effective date of cessation known?
Yes
If yes, please provide the date
27/04/2015
Detailed Reason (s) for cessation
Retirement at the 9th Annual General Meeting held on 27 April 2015.
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
28/01/2008
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)
4
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
2
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Executive Director
Role and responsibilities
Duties as Non-Executive Director of the Board and member of the Remuneration Committee.
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
i) 6,064,043 ordinary shares in POSH (direct)
ii) 5,300,000 ordinary shares in POSH (deemed)
iii) 3,750,000 share options granted by Kuok (Singapore) Limited ("KSL") over 3,750,000 POSH shares held by KSL
Past (for the last 5 years)
Please see attached
Present
Please see attached

Attachments

DIRECTORSHIPS FOR THE LAST 5 YEARS AND PRESENT.pdf
Total size =32K