Change - Announcement of Cessation::Resignation of Chairman and Independent Non-Executive Director

Issuer & Securities

Issuer/ Manager
NAUTICAWT LIMITED
Securities
NAUTICAWT LIMITED - SG1BE2000004 - 42D
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
13-Dec-2019 21:29:14
Status
New
Announcement Sub Title
Resignation of Chairman and Independent Non-Executive Director
Announcement Reference
SG191213OTHRLGYX
Submitted By (Co./ Ind. Name)
John Gronbech
Designation
Executive Director and CEO
Description (Please provide a detailed description of the event in the box below)
Please refer to the attached.

This announcement has been prepared by NauticAWT Limited (the "Company") and its contents have been reviewed by the Company's sponsor, UOB Kay Hian Private Limited (the "Sponsor") for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (the "SGX-ST") Listing Manual Section B: Rules of Catalist.

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 accuracy, completeness or correctness of any of the information, statements or opinions made, or reports contained in this announcement.

The contact person for the Sponsor is Mr Lance Tan, Senior Vice President, at 8 Anthony Road #01-01, Singapore 229957,
telephone (65) 65906881.

Additional Details

Name Of Person
Lim How Teck
Age
69
Is effective date of cessation known?
Yes
If yes, please provide the date
13/12/2019
Detailed Reason (s) for cessation
To facilitate board refreshment.

The Sponsor, after having interviewed Mr Lim How Teck, is satisfied that, save as disclosed in the announcement, there are no other material reasons for the resignation of Mr Lim How Teck as the Chairman and Independent Non-Executive Director of the Company.
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
29/06/2015
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)
1
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
3
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chairman and Independent Non-Executive Director and Chairman of Audit Committee and Member of the Remuneration Committee and Nominating Committee
Role and responsibilities
Acted as Chairman and Independent Non-Executive Director and Chairman of Audit Committee and Member of the Remuneration Committee and Nominating 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
11,984,979 Ordinary Shares
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