Change - Announcement of Cessation::Cessation of Chief Executive Officer

Issuer & Securities

Issuer/ Manager
MICLYN EXPRESS OFFSHORE PTE. LTD.
Securities
MICLYN US$150M8.75%B181125 - XS1311942426 - 37QB
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
16-Oct-2017 17:30:20
Status
New
Announcement Sub Title
Cessation of Chief Executive Officer
Announcement Reference
SG171016OTHR8B4B
Submitted By (Co./ Ind. Name)
Jane Allan
Designation
General Counsel - Group/Company Secretary
Effective Date and Time of the event
16/10/2017 17:00:00
Description (Please provide a detailed description of the event in the box below)
Venkatraman Sheshashayee ("Shesh"), Chief Executive Officer of Miclyn Express Offshore ("MEO") joined MEO in 2014. Shesh's intention was to serve as CEO for three years and thereafter pursue non-business interests. In this regard, Shesh has confirmed that he will relinquish his position as CEO at the end of March 2018.

The Board wishes to express its appreciation for the commendable leadership that Shesh has provided the Company during his tenure.

The Board is actively seeking to appoint a successor. In the meantime, Shesh will continue to lead the Company together with the existing strong management team to ensure a smooth transition.

Additional Details

Name Of Person
Venkatraman Sheshashayee
Age
55
Is effective date of cessation known?
Yes
If yes, please provide the date
31/03/2018
Detailed Reason (s) for cessation
As stated in the description above.
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
01/07/2015
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, Executive Director
Role and responsibilities
As above
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)
Nil
Present
Airmat Singapore Pte Ltd
Entrons (Singapore) Pte Ltd
Girino Enterprise Pte Ltd
Koleth (S) Pte Ltd
Ken-Mok Engineering & Fabricators Pte Ltd
Miclyn Express Offshore Pte Ltd
Offshore Charters Pte Ltd
Stardazz Pte Ltd
Ticwink Pte Ltd
MEO Investments Pte. Ltd.