Change - Announcement of Cessation::Cessation of Executive Director

Issuer & Securities

Issuer/ Manager
VIKING OFFSHORE AND MARINE LIMITED
Securities
VIKING OFFSHORE AND MA W180425 - SG9QC9991390 - 5VOW
VIKING OFFSHORE AND MARINE LTD - SG1J35888424 - 557
VIKING OFFSHORE AND MA W220701 - SG5EH1000003 - 1E7W
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
22-Feb-2018 17:13:47
Status
New
Announcement Sub Title
Cessation of Executive Director
Announcement Reference
SG180222OTHRX7QI
Submitted By (Co./ Ind. Name)
Low Jooi Kok
Designation
Executive Director and Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
The Sponsor of the Company, CIMB Bank Berhad, Singapore Branch (the "Sponsor"), is satisfied that there is no other material reasons for the cessation of Mr Daniel Lin Wei as the Executive Director of the Company other than as disclosed in this announcement.

This announcement has been prepared by the Company and its contents have been reviewed by the Sponsor for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (the "SGX-ST"), this being the SGX-ST Listing Manual Section B: Rules of Catalist. The Sponsor has not independently verified the contents of this announcement.

This announcement has not been examined or approved by the SGX-ST. The Sponsor and the SGX-ST assume 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 Ken Lee, Associate Director, Investment Banking. The contact particulars are 50 Raffles Place, #09-01 Singapore Land Tower, Singapore 048623, telephone (65) 6337 5115.

Additional Details

Name Of Person
Daniel Lin Wei
Age
34
Is effective date of cessation known?
Yes
If yes, please provide the date
22/02/2018
Detailed Reason (s) for cessation
As a result of a group reorganisation exercise. Mr Lin will continue to be a director of several of the Group's subsidiaries.
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
13/05/2011
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
0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Director
Role and responsibilities
Responsible for the business operations of the Group.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Son of the Group's Chairman and Substantial Shareholder, Lim Andy.
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
840,000 ordinary shares, 316,307 options pursuant to the Viking Offshore and Marine Limited Share Option Scheme and 120,000 warrants in the listed issuer.
Past (for the last 5 years)
Nico Steel Holdings Ltd
Ann Aik Holdings Ltd
Justing Technology Pte Ltd
Present
Money World Asia Pte Ltd
Money World Marketing Pte Ltd
Pacific AL Consultancy Pte Ltd
Associated Leisure Group of Companies Pte Ltd
MWA Capital Pte Ltd
Blue Ocean Capital Partners Pte Ltd
Unico Wines Pte Ltd
DT Capital Pte Ltd
Viking Asset Management Pte Ltd
Promoter Hydraulics Pte Ltd
Viking Facilities Management Pte Ltd
Smart Earl Investments Ltd
Quick Booms Investment Ltd
Viking LR1 Pte Ltd
Viking LR2 Pte Ltd
Viking Gold Pte Ltd
Funded Here Pte Ltd