Change - Announcement of Cessation::Cessation of Mr Barry James Silver as Key Management of the Group

Issuer & Securities

Issuer/ Manager
MOOREAST HOLDINGS LTD.
Securities
MOOREAST HOLDINGS LTD. - SGXE69578966 - 1V3
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
16-May-2025 18:50:47
Status
New
Announcement Sub Title
Cessation of Mr Barry James Silver as Key Management of the Group
Announcement Reference
SG250516OTHRF3HT
Submitted By (Co./ Ind. Name)
Eirik Ellingsen
Designation
Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Cessation of Mr Barry James Silver as key management of the Group.

This announcement has been reviewed by the Company's sponsor, UOB Kay Hian Private Limited (the "Sponsor").

This announcement has not been examined or approved by the Singapore Exchange Securities Trading Limited (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 Mr Lance Tan, Senior Vice President, 8 Anthony Road, #01-01, Singapore 229957, telephone (65) 6590 6881.

Additional Details

Name Of Person
Barry James Silver
Age
46
Is effective date of cessation known?
Yes
If yes, please provide the date
31/05/2025
Detailed Reason (s) for cessation
Mr Barry James Silver has tendered his resignation to pursue other career opportunities which aligned with his intention to relocate to another country.

Based on its enquiries, the Company's sponsor, UOB Kay Hian Private Limited, is satisfied that, save as disclosed in the announcement, there are no other material reasons for the cessation of Mr Barry James Silver as key management of the Group.
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
01/08/2022
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
2
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Managing Director of Mooreast UK Co Limited and Head of Commercial
Role and responsibilities
Mr Barry James Silver is responsible for establishing and managing Mooreast's facility in the UK to address the floating offshore wind and renewables market, as well as business development to support Mooreast's international growth.
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)
Deep Sea Mooring Singapore Pte Ltd
Country Dreams Pty Ltd
The Inner Ninja Foundation Ltd
Delmar Systems Australia Pty Ltd
MAC Offshore Services Pty Ltd
Present
Mooreast UK Co. Limited