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

Issuer & Securities

Issuer/ Manager
ATLANTIC NAVIGATION HOLDINGS (SINGAPORE) LIMITED
Securities
ATLANTIC NAVIGATION HLDG(S)LTD - SG2F00983534 - 5UL
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
30-Jan-2019 20:58:29
Status
New
Announcement Sub Title
Cessation of Chief Financial Officer
Announcement Reference
SG190130OTHRN9J9
Submitted By (Co./ Ind. Name)
Wong Siew Cheong
Designation
Executive Director and Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Announcement of Cessation of Chief Financial Officer (Mr Tong Choo Cherng).

This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor ("Sponsor"), SAC Capital Private Limited, for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited ("SGX-ST"). The Sponsor has not independently verified the contents of this announcement.

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

The contact person for the Sponsor is Ms Lee Khai Yinn (Tel: (65) 6232 3210) at 1 Robinson Road, #21-00 AIA Tower, Singapore 048542.

Additional Details

Name Of Person
Tong Choo Cherng
Age
65
Is effective date of cessation known?
Yes
If yes, please provide the date
31/01/2019
Detailed Reason (s) for cessation
To pursue other personal interest.

The Sponsor, after having interviewed Mr Tong Choo Cherng ("Mr Tong"), is satisfied that save as disclosed in this announcement, there is no other reason for the resignation of Mr Tong as Chief Financial Officer.
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
21/12/2018
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)
3
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
9
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chief Financial Officer
Role and responsibilities
Mr Tong is responsible for overall financial management and administrative management of the Group.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
None.
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
Atlantic Navigation Holdings (Singapore) Limited
Present
Atlantic Venture Inc.
Bravo Shipping and Trading Co. Ltd.
Atlantic Navigation Holdings Inc.
Atlantic Oceana Inc.
Atlantic Offshore Inc.
Atlantic Offshore Services Inc.
Atlantic Navigation Limited
Bimar Offshore Inc.
Crossworld Marine Services Inc.
Lift-Offshore Inc.
Oasis Marine Inc.
Pacific International Offshore Inc.
Atlantic Maritime Group FZE
Atlantic Maritime Ghana Private Limited
Astra Offshore Sdn. Bhd.
Atnav Holdings Inc.
ATNAV Inc.
ATNAV International Inc.
ATNAV Marine Inc.
ATNAV Maritime Inc.
ATNAV Nautical Inc.
ATNAC Oceanic Inc.
ATNAV Offshore Inc.